Question icon
Grade 12th passDiscuss with colleagues and IITians

for a country the head count ratio of income poerity was 28% in 2014 if the per capita income of the country grows annually by 5% for five year the head count ratio in 2019 will be ?

Profile image of EBRAHEEM
8 Years agoGrade 12th pass
Answers icon

1 Answer

Profile image of Saurabh Koranglekar
7 Years ago
status quo 2014
increment 5%

28*(1.05^5) = 35.7%

2019 ratio = 35.7%