Rapid Population Growth Can Be an Obstacle to Economic Development

question 147

Multiple Choice

Rapid population growth can be an obstacle to economic development

• A) because it can translate a relatively large increase in real output into a small increase in real output per capita.
• B) because more investment will be required to simply maintain the quantity of capital goods per person.
• C) because it may lead to the overutilization and therefore ecological degradation of farmland.
• D) for all of these reasons.

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Definitions:

Doctor Visit

A scheduled appointment with a medical professional for the evaluation, diagnosis, or treatment of a health condition.

Excess Demand

Occurs when the quantity demanded of a good or service exceeds the quantity supplied at a given price, often leading to upward pressure on prices.

Price Ceiling

A price ceiling is a government-imposed limit on the price charged for a product or service, intended to prevent prices from rising above a certain level.

Government

The organized body responsible for overseeing the political administration and governance of a state or nation.