Neco Model Questions Vol1 2020 Economics Question 42
Practice objective / multiple choice question 42 from the 2020 Neco Model Questions Vol1 Economics examination.
A town has an initial population of 200,000. Its annual population growth rates for the next five years are: Year 1 = 2 %, Year 2 = 3 %, Year 3 = 1.5 %, Year 4 = 2.5 %, Year 5 = 3 %.\n(a) Calculate the population at the end of Year 5.\n(b) Determine the constant annual growth rate \(r\) (expressed as a percentage) that would give the same final population after five years if the rate were the same each year.
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This is Neco Model Questions Vol1 2020 Economics Question 42. It is one of the objective questions from the 2020 Neco Model Questions Vol1 Economics examination.
Difficulty level: Hard .
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