JAMB - Economics (2022 - No. 29)
A positive effect of a rapid population increase is
an excessive budget deficit
a reduction in standard of living
a wider market for goods and services
a higher dependency ratio
Forklaring
The positive effect of the large population is that :
- it increases the availability of cheap labour
- It leads to the formation of the large market as investors would like to invest in a country with a large population
- it motivates people to innovate
- it increases the availability of cheap labour
- It leads to the formation of the large market as investors would like to invest in a country with a large population
- it motivates people to innovate