An increasing population might be of economic benefit to a country if?

Assessment: JAMB UTME - Economics - 1995 Subject: Economics

Question 1 Report

An increasing population might be of economic benefit to a country if?
Answer Details
An increasing population might be of economic benefit to a country if a continuously higher proportion falls into the working class category. This means that the population growth is accompanied by an increase in the number of people who are employed and contributing to the country's economy. This would result in an increase in the country's gross domestic product (GDP), which is a measure of the country's economic output. Therefore, a growing population with a higher proportion of working-class individuals would lead to economic growth and development for the country.
Read lesson note on Population And Labour Market (WAEC)
Read lesson note on Population (JAMB)
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