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JAMB Economics 1999 Question 30

Question 30

Population

Optimum population is defined as the level of population at which

  1. A.per capita output is maximized
  2. B.population is neither increasing nor decreasing
  3. C.total national income is maximized
  4. D.marginal efficiency of population is maximized.
Show the answer and explanation

Answer: A (per capita output is maximized)

Explanation

Optimum population is the size that, with the available resources and technology, gives the highest output (income) per head.