Neco Model Questions Vol1 2017 Economics Question 5

Practice objective / multiple choice question 5 from the 2017 Neco Model Questions Vol1 Economics examination.

Neco Model Questions Vol1 2017 Economics Objective / Multiple Choice Medium Difficulty
Question 5 NECO_MODEL_QUESTIONS_VOL1 • 2017 • ECONOMICS • objective

Last year a country's GDP was \(2\,500\) billion Naira and its population was 50 million. This year the population grew by 2 % and GDP grew by 5 %. What is the percentage increase in per‑capita GDP this year?

Answer Options

Correct Answer A. 2.94
B. 3.00
C. 4.50
D. 2.00
Correct Answer
A
Correct Option:
2.94

About This Question

This is Neco Model Questions Vol1 2017 Economics Question 5. It is one of the objective questions from the 2017 Neco Model Questions Vol1 Economics examination.

Difficulty level: Medium .

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