Economics JAMB

Optimum population enables an economy to attain the highest level of?

A. Industrial development
B. Income per head
C. Revenue generation
D. Economic development

Correct Answer:

Option B – Income per head

Explanation

The optimum population is a concept where the human population is able to balance maintaining a maximum population size with optimal standards of living for all people. The standard of living is measured by the per capita income of individuals. Optimum population yields maximum returns per head because people would be fully employed and adequately compensated and remunerated.

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