Chapter 19, Problem 15AA

Solution

Rapid population growth is an obstacle to economic development is to be explained.

Rapid population growth is basically the source of other problems like lack of food and housing. With a rapid population growth , there is also reduction in the growth of nation's standard of living. Even if the population is growing at a faster rate, per capita GDP of the nation will decrease. Due to which people have to feed their children with same income. This leads to more expenditure on consumption and low savings in the level of investment.