GCE Economics 2022 Objective — Question 26
Question 26 of 50 from the General Certificate of Education (GCE) Economics 2022 Objective paper, with the correct answer and a full explanation.
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A positive effect of a rapid population increase is
- A. an excessive budget deficit
- B. a reduction in standard of living
- C. a wider market of goods and servicesCorrect
- D. a higher dependency ratio
Explanation
A rapid population increase results in market enlargement, since higher population implies higher demand for goods and services.
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