A developing nation may not experience an increase in the average standard of living even if it increases its output of goods and services because of
A) land reform.
B) population growth.
C) underemployment and disguised unemployment.
D) capital-saving technology.

Question

Quizplus · Accepted Answer

Population growth can dilute the effects of increased output on the average standard of living by increasing the number of people among whom the output must be distributed.

A Developing Nation May Not Experience an Increase in the Average