Neco 2025 Economics Question 6
Practice objective / multiple choice question 6 from the 2025 Neco Economics examination.
Country X's real GDP grew at a constant compounded annual rate of \(5\%\) over a three‑year period, while its population grew at a constant compounded annual rate of \(2\%\) over the same period. At the end of the third year the real per‑capita income was \(150{,}000\) naira. Assuming the rates remained unchanged throughout, what was the real per‑capita income at the beginning of the first year? Give your answer in naira, rounded to the nearest thousand.
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About This Question
This is Neco 2025 Economics Question 6. It is one of the objective questions from the 2025 Neco Economics examination.
Difficulty level: Hard .
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