If a country's national income increased from N1000 billion over a period of 2 years,...

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%

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Correct Answer: Option A

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