Neco Model Questions Vol1 2022 Economics Question 22
Practice objective / multiple choice question 22 from the 2022 Neco Model Questions Vol1 Economics examination.
Consider a country's population that follows the logistic model \(P(t)=\frac{K}{1+ae^{-bt}}\), where \(t\) is measured in years from 2020. The carrying capacity is \(K=120\) million. At \(t=0\) the population was \(20\) million and after 5 years it was \(40\) million. (i) Determine the values of \(a\) and \(b\). (ii) In which year will the annual increase in population be greatest, and what is that maximum increase (in million persons per year)?
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About This Question
This is Neco Model Questions Vol1 2022 Economics Question 22. It is one of the objective questions from the 2022 Neco Model Questions Vol1 Economics examination.
Difficulty level: Hard .
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