Neco Model Questions Vol1 2024 Economics Question 32

Practice objective / multiple choice question 32 from the 2024 Neco Model Questions Vol1 Economics examination.

Neco Model Questions Vol1 2024 Economics Objective / Multiple Choice Hard Difficulty
Question 32 NECO_MODEL_QUESTIONS_VOL1 • 2024 • ECONOMICS • objective

The population of Country Y was 150 million at the start of 2020. From 2020 to 2025 the annual growth rate was a constant 2 %. Beginning in 2025 the government introduced a policy that reduces the growth rate by 0.3 % each subsequent year (i.e., 2026 rate = 1.7 %, 2027 = 1.4 %, 2028 = 1.1 %). Estimate the population at the end of 2028 (in millions, to one decimal place).

Answer Options

A. 175.2 million
Correct Answer B. 172.7 million
C. 168.9 million
D. 169.4 million
Correct Answer
B
Correct Option:
172.7 million

About This Question

This is Neco Model Questions Vol1 2024 Economics Question 32. It is one of the objective questions from the 2024 Neco Model Questions Vol1 Economics examination.

Difficulty level: Hard .

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