JAMB Economics 1991 Question 44

Question 44

Population

The age distribution of a country's population is of economic importance because it affects the

  1. A.pattern of expenditure
  2. B.size of the army
  3. C.optimum size of firms
  4. D.location of industries
Show the answer and explanation

Answer: A (pattern of expenditure)

Explanation

Different age groups need different things (schools for the young, health care for the old), so age structure shapes spending patterns.