Neco Model Questions Vol1 2022 Economics Question 21

Practice objective / multiple choice question 21 from the 2022 Neco Model Questions Vol1 Economics examination.

Neco Model Questions Vol1 2022 Economics Objective / Multiple Choice Hard Difficulty
Question 21 NECO_MODEL_QUESTIONS_VOL1 • 2022 • ECONOMICS • objective

A country's population was \(5\) million at the start of 2020. For the first \(5\) years it grew at a constant annual rate of \(2\%\). Thereafter, over the next \(10\) years the annual growth rate fell linearly from \(2\%\) at the end of 2024 to \(1\%\) at the end of 2034, after which it remained constant at \(1\%\) per year. In which year will the population first exceed \(8\) million? Give the year (e.g., 2058).

Answer Options

A. 2060
Correct Answer B. 2058
C. 2059
D. 2056
Correct Answer
B
Correct Option:
2058

About This Question

This is Neco Model Questions Vol1 2022 Economics Question 21. It is one of the objective questions from the 2022 Neco Model Questions Vol1 Economics examination.

Difficulty level: Hard .

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