\(\begin{array}{c|c} & \text{Year 1} & \text{Year 2} \\ \hline \text{GNP at current prices(NM)} & 20,000...
ECONOMICS
JAMB 2005
\(\begin{array}{c|c}
& \text{Year 1} & \text{Year 2} \\
\hline
\text{GNP at current prices(NM)} & 20,000 & 27,000 \\ \hline
\text{Population(Million)} & 20 & 24 \\
\end{array}\)
What is the percentage increase in GNP between year 1 and year 2?
- A. 3.5.0%
- B. 14.0%
- C. 20.0%
- D. 35.0%
Correct Answer: D. 35.0%
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