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JAMB Economics 1998 Question 44

Question 44

Economic Growth and Development

Economically, underdeveloped countries are characterized by

  1. A.high rate of population growth and low rate of economic growth
  2. B.high rate of economic growth and low rate of population growth
  3. C.high rate of population growth and high rate of economic growth
  4. D.low rate of population growth and low rate of economic growth.
Show the answer and explanation

Answer: A (high rate of population growth and low rate of economic growth)

Explanation

Underdeveloped countries usually have populations growing fast while output grows slowly, so income per head stays low.