Warning: foreach() argument must be of type array|object, bool given in /var/www/html/web/app/themes/studypress-core-theme/template-parts/header/mobile-offcanvas.php on line 20

Explain why population growth can have uncertain effects on economic growth.

Short Answer

Expert verified

There is a collection quantity of land, increment will eventually reduce the number of resources.

Step by step solution

01

Introduction

Given that there is a set quantity of land, growth will eventually reduce the quantity of resources that each individual can consume, ultimately resulting in disease, starvation, and war.

02

Explanation

There isa group quantity of land, increment will eventually reducethe amount of resourcesthat each individual can consume, ultimatelyresulting in disease, starvation, and war. Thedue to avoid such unfortunate outcomes was ‘moral restraint’ (i.e. refraining from having too many children).

Unlock Step-by-Step Solutions & Ace Your Exams!

  • Full Textbook Solutions

    Get detailed explanations and key concepts

  • Unlimited Al creation

    Al flashcards, explanations, exams and more...

  • Ads-free access

    To over 500 millions flashcards

  • Money-back guarantee

    We refund you if you fail your exam.

Over 30 million students worldwide already upgrade their learning with Vaia!

One App. One Place for Learning.

All the tools & learning materials you need for study success - in one app.

Get started for free

Most popular questions from this chapter

In principle, how could a nation maintain a relatively high rate of economic growth even if it also has a relatively high rate of population growth?

Discuss the sources of international investment funds for developing nations.

Why do you suppose that many observers regard India's agricultural productivity issues related to land use as analogous to the problems arising from dead capital?

Take a look at Table 18-1. Based on the basic arithmetic of economic growth, what were the average annual rates of real GDP growth since 1990 for those nations experiencing negative rates of annual growth of per capita real GDP?

A developing country has determined that each additional 1billion of net investment in capital goods adds 0.01percentage point to its long-run average annual rate of growth of per capita real GDP.

a. Domestic entrepreneurs recently began to seek official approval to open a range of businesses employing capital resources valued at 20billion. If the entrepreneurs undertake these investments, by what fraction of a percentage point will the nation's long-run average annual rate of growth of per capita real GDP increase, other things being equal?

b. After weeks of effort trying to complete the first of 15stages of bureaucratic red tape necessary to obtain authorization to start their businesses, a number of entrepreneurs decide to drop their investment plans completely, and the amount of official investment that actually takes place turns out to be 10billion. Other things being equal, by what fraction of a percentage point will this decision reduce the nation's long-run average annual rate of growth of per capita real GDP from what it would have been if investment had been 20billion?

See all solutions

Recommended explanations on Economics Textbooks

View all explanations

What do you think about this solution?

We value your feedback to improve our textbook solutions.

Study anywhere. Anytime. Across all devices.

Sign-up for free