Waec Model Questions Vol1 2020 Economics Question 1

Practice objective / multiple choice question 1 from the 2020 Waec Model Questions Vol1 Economics examination.

Waec Model Questions Vol1 2020 Economics Objective / Multiple Choice Hard Difficulty
Question 1 WAEC_MODEL_QUESTIONS_VOL1 • 2020 • ECONOMICS • objective

In the year 2000 the population of Country X was 20 million. From 2000 to 2010 it grew at an annual rate of 2.5%. From 2010 to 2015 the growth rate fell to 1.8% per year. From 2015 to 2020 the population declined at 0.5% per year because of an epidemic. (a) Calculate the population in 2020 (rounded to two decimal places in millions). (b) If 60% of the 2020 population is aged 15‑64, 20% is under 15 and 20% is 65 or older, compute the dependency ratio (dependents per 100 workers) to one decimal place.

Answer Options

A. Population ≈ 26.10 million; Dependency ratio ≈ 70.2 %
B. Population ≈ 28.45 million; Dependency ratio ≈ 62.5 %
Correct Answer C. Population ≈ 27.28 million; Dependency ratio ≈ 66.7 %
D. Population ≈ 27.28 million; Dependency ratio ≈ 58.3 %
Correct Answer
C
Correct Option:
Population ≈ 27.28 million; Dependency ratio ≈ 66.7 %

About This Question

This is Waec Model Questions Vol1 2020 Economics Question 1. It is one of the objective questions from the 2020 Waec Model Questions Vol1 Economics examination.

Difficulty level: Hard .

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