Neco Model Questions Vol1 2025 Economics Question 21
Practice objective / multiple choice question 21 from the 2025 Neco Model Questions Vol1 Economics examination.
The population of a country follows the logistic model \(P(t)=\frac{K}{1+A e^{-rt}}\), where \(t\) is the number of years after 2000. In the year 2000 the population was 8 million, and in 2010 it was 10 million. The intrinsic growth rate is \(r=0.04\) per year. Determine the first calendar year in which the population will exceed 15 million.
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This is Neco Model Questions Vol1 2025 Economics Question 21. It is one of the objective questions from the 2025 Neco Model Questions Vol1 Economics examination.
Difficulty level: Hard .
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