Neco Model Questions Vol1 2017 Economics Question 46
Practice objective / multiple choice question 46 from the 2017 Neco Model Questions Vol1 Economics examination.
Country A aims to raise its real GDP per capita by 4 % in the next year. The current real GDP is ₦5 000 billion and the population is 100 million, growing at 2 % per annum. The Keynesian investment multiplier is 2.5. Assuming other components of aggregate demand remain unchanged, how much must public investment be increased (in billions of naira) to achieve the target per‑capita income? Also state the projected total real GDP after the investment increase.
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About This Question
This is Neco Model Questions Vol1 2017 Economics Question 46. It is one of the objective questions from the 2017 Neco Model Questions Vol1 Economics examination.
Difficulty level: Hard .
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