WAEC Economics 2022 Question 26

Question 26

Population

A positive effect of a rapid population increase is

  1. A.an excessive budget deficit
  2. B.a reduction in standard of living
  3. C.a wider market for goods and services
  4. D.a higher dependency ratio
Show the answer and explanation

Answer: C (a wider market for goods and services)

Explanation

More people means more buyers.