If a country's national income increased from N1000 billion over a period of 2 years,...
ECONOMICS
JAMB 1998
If a country's national income increased from N1000 billion over a period of 2 years, what was the average annual rate of growth of national income over the period?
- A. 5%
- B. 15%
- C. 20%
- D. 100%
Correct Answer: A. 5%
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