Neco Model Questions Vol1 2025 Economics Question 28
Practice objective / multiple choice question 28 from the 2025 Neco Model Questions Vol1 Economics examination.
Country A has a current GDP per capita of ₦2,000. Its real GDP grows at 5 % per year and its population grows at 2 % per year. Country B has a current GDP per capita of ₦2,500, with real GDP growth of 3 % per year and population growth of 1 % per year. Assuming the rates remain constant, which country will have the higher GDP per capita after 5 years, and by how much (in ₦)?
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This is Neco Model Questions Vol1 2025 Economics Question 28. It is one of the objective questions from the 2025 Neco Model Questions Vol1 Economics examination.
Difficulty level: Hard .
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