Question

In an undeveloped economy, population grows at the rate of more than or near to _______.

• A. 1% p.a.
• B. 2% p.a.
• C. 3% p.a.
• D. 5% p.a.

Answer 1

The correct option is B 2% p.a.

In an undeveloped economy, population grows at the rate of more than or near to 2% p.a. Due to this increase in the population every year, the pressure on the natural resources increases. Also the standard of living remains low further increasing the gap between the rich and the poor.