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JAMB Economics 1982 Question 4

Question 4

Population

We can classify the people of Nigeria into three broad age groups: Group One, 0 - 15 years; Group Two, 16-64 years; Group Three, 65 years and above. Group Two is the most important economically because

  1. A.it is the dependent population of Nigeria, economically
  2. B.all students in Nigeria are in this group
  3. C.more than 50% of all Nigerians are in this group
  4. D.it is the most expensive group of the economy
  5. E.it is the productive group of the economy.
Show the answer and explanation

Answer: E (it is the productive group of the economy.)

Explanation

People aged 16–64 are the working-age population: they produce goods and services and support the young and the old.