JAMB Economics 1995 Question 47

Question 47

Population

An increasing population might be of economic benefit to a country if

  1. A.the female population is greater than the male population
  2. B.the dependency ratio is increasing as the total population increases
  3. C.a continuously higher proportion falls into the working class category
  4. D.the rural and urban proportion are balanced.
Show the answer and explanation

Answer: C (a continuously higher proportion falls into the working class category)

Explanation

Population growth helps when more of the extra people are of working age, producing more output and supporting fewer dependants.