Neco Model Questions Vol1 2024 Government Question 27

Country A has three foreign‑policy objectives: (i) increase export earnings by at least 12% over the next 5 years, (ii) reduce import dependence on non‑strategic goods to below 40% of total imports, and (iii) maintain diplomatic missions in at least 75% of its 20 major trading‑partner countries. Currently, export earnings are $45 billion, total imports are $60 billion of which $30 billion are strategic goods, and the country has embassies in 13 of the 20 partners. Assuming export earnings grow at a constant annual compound rate and import composition stays unchanged, (a) calculate the minimum constant annual growth rate (to two decimal places) required to meet objective (i); (b) state whether objective (ii) is already satisfied (yes/no); (c) state whether objective (iii) is already satisfied (yes/no). Provide the answer as "%; ; ".