Countries Population (in million) Gross National product (in million Dollars) R 120 2,500 S 180

ECONOMICS
WAEC 2001
CountriesPopulation (in million)Gross National product (in million Dollars)
R1202,500
S18012,000
T604,000
U1006,500
V252,500

(a)(i) Calculate the per capita incomes of countries R, S, T, U and V.

(ii) Determine the range of the per capita incomes of the five countries.

(iii) Which one of the countries enjoyed the highest standard of living?

(b) Express the population of each of countries R, S, T, U and V as a percentage of the total population of all the countries.

(c) Draw a simple bar chart showing all the countries and their respective per capita incomes.

Explanation

CountriesPopulation (in million)GNP (in million Dollars)
R1202,500
S18012,000
T604,000
U1006,500
V252,500

(a)(i) R, per capita income = \(\frac{2500} {120}\) = $20.83

S, per capita income = \(\frac{12,000} {80}\) = $66.66

T, per capita income = \(\frac{4,000} {60}\) = $65.66

U, per capita income = \(\frac{6,500} {100}\) = $65.00

V, per capita income = \(\frac{2,500} {25}\) = $100.00

(ii) Range $100 - $20.83 = $79.17

(iii) Country V.

(b)(i) R,120 x100 = 24.74%

485 1

S, 180 x100 = 37.11%

485 1

T, 60 x100 = 12.37%

485 1

U, 100 x100 = 20.62%

485 1

V, 25 x100 = 5.15%

485 1



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