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WAEC Economics 1997 Question 12

Question 12

Population

The optimum population of a country is reached when the

  1. A.production of goods and services is less than optimum
  2. B.output per head is at its highest with a given volume of resources
  3. C.total production increases with a given volume of resources
  4. D.national resources increases as population increases
  5. E.working population rises at a geometrical rate
Show the answer and explanation

Answer: B (output per head is at its highest with a given volume of resources)

Explanation

Optimum population is the size that gives the highest output per head with the available resources.