Neco Model Questions Vol1 2021 Economics Question 31
Practice objective / multiple choice question 31 from the 2021 Neco Model Questions Vol1 Economics examination.
Region A's GDP per capita is currently G naira. Region B's GDP per capita is 20\% higher than A's. A's GDP per capita grows at a constant annual rate \(r_A\), while B's grows at 2\% per annum. In ten years, A's GDP per capita will be 5\% higher than B's. Find the annual growth rate \(r_A\) (as a percentage to one decimal place).
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About This Question
This is Neco Model Questions Vol1 2021 Economics Question 31. It is one of the objective questions from the 2021 Neco Model Questions Vol1 Economics examination.
Difficulty level: Hard .
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