If the growth rate of population is higher than the rate of economic growth, there will be _____ in the economy:

CA Foundation · Business Economics · MTP · January 2025
If the growth rate of population is higher than the rate of economic growth, there will be _____ in the economy:
(A) A. more saving
(B) B. lesser saving
(C) C. no effects on saving
(D) D. None of these

Suggested Answer and Working Notes:

Correct Answer: Option (B)

B. lesser saving

Topics: Theory of Production and Cost

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