Of the Following, Which Two Terms Best Describe India's Population

question 24

Multiple Choice

Of the following, which two terms best describe India's population ?

• A)Small and homogeneous
• B)Heterogeneous
• C)Large and homogeneous
• D)Average and diverse
• E)Homogenous

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Definitions:

Crowding-Out Effect

The phenomenon where increased government spending leads to a reduction in private sector spending, often due to higher interest rates.

Government Spending

Refers to the total expenditure incurred by the government on various goods, services, and projects to fulfill its economic and social objectives.

National Income

The total income earned by a country's people and businesses, including wages, profits, and rent, over a specific period.

Crowding-Out Effect

The phenomenon where increased government spending leads to a reduction in private sector spending and investment, due to higher interest rates or other factors.