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Is there an optimum population size for a country?
Optimum (best) population arises while productivity that is output per person is highest.
• An under-populated country can raise productivity by raising its population.
• An over-populated country can raise productivity by decreasing its population.
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If nominal GNP enhances at a rate of 10 per cent per year whereas the GNP deflator enhances at 8 per cent per year then show how much real GNP rises. Explain?
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