Economics JAMB

What is the population growth rate in 2003?

A. 33.3%
B. 20.0%
C. 11.0%
D. 50%

Correct Answer:

Option D = 50%

Explanation

Population growth rate = the difference between the previous year population and the current year population divided by the previous year

2002 population = 40,000
2003 population = 60,000

60,000 – 40,000 ÷ 40,000 x 100

20,000/40,000 x 100 = 50%

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