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JAMB Economics 1984 Question 14

Question 14

Population

The population level that yields the maximum output when combined with available resources is known as

  1. A.dependent population
  2. B.maximum population
  3. C.active population
  4. D.productive population
  5. E.optimum population.
Show the answer and explanation

Answer: E (optimum population.)

Explanation

Optimum population is the size that gives the highest output per head with the resources available.