Waec Model Questions Vol1 2025 Economics Question 30
Practice objective / multiple choice question 30 from the 2025 Waec Model Questions Vol1 Economics examination.
Nominal GDP grew by 9 % in year 1 and by 6 % in year 2. The corresponding inflation rates were 4 % in year 1 and 3 % in year 2. Using the approximation real growth ≈ nominal growth - inflation, calculate the real GDP growth rates for each year and then find the average real growth rate over the two years.
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About This Question
This is Waec Model Questions Vol1 2025 Economics Question 30. It is one of the objective questions from the 2025 Waec Model Questions Vol1 Economics examination.
Difficulty level: Medium .
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