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JAMB Economics 1989 Question 43

Question 43

Population

Optimum population is the population level at which

  1. A.death rate is at a minimum
  2. B.per capita income is at a maximum
  3. C.population is at a maximum
  4. D.death rate is equal to birth rate.
Show the answer and explanation

Answer: B (per capita income is at a maximum)

Explanation

The optimum population is the size that, with the available resources, gives the highest income per head.