Neco Model Questions Vol1 2025 Economics Question 33
Practice objective / multiple choice question 33 from the 2025 Neco Model Questions Vol1 Economics examination.
A country's current real GDP is \(\text{₦}5\) trillion and its population is 50 million, growing at 2.5\% per annum. The government wants real per‑capita income to double in 10 years. Assuming GDP grows at a constant annual rate \(g\), (a) calculate the minimum required \(g\) (to one decimal place) and (b) comment on feasibility if the country's historical average real GDP growth is 5\% per annum.
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This is Neco Model Questions Vol1 2025 Economics Question 33. It is one of the objective questions from the 2025 Neco Model Questions Vol1 Economics examination.
Difficulty level: Hard .
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