Neco Model Questions Vol1 2022 Government Question 11
Practice objective / multiple choice question 11 from the 2022 Neco Model Questions Vol1 Government examination.
Country X currently has a quota of \(200\) million SDR in the IMF, while Country Y has a quota of \(150\) million SDR. Their respective GDP shares in the IMF are \(3\%\) and \(2\%\). The IMF decides to increase the total quota by \(10\%\). The increase is allocated to countries in proportion to their GDP shares. After the reallocation, the voting power of a country is calculated as \[ V = 0.8\left(\frac{\text{quota}}{\text{total quota}}\right)\times 100 + 0.2 \times (\text{GDP share}) \] What is the voting power of Country X (in percent) to two decimal places after the reallocation?
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This is Neco Model Questions Vol1 2022 Government Question 11. It is one of the objective questions from the 2022 Neco Model Questions Vol1 Government examination.
Difficulty level: Hard .
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