Answered: he Malthusian population trap tell us…

Principles of Economics (MindTap Course List)

8th Edition

ISBN:9781305585126

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter25: Production And Growth

Section: Chapter Questions

Problem 6CQQ

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Question

The Malthusian population trap tell us that

a. trade routes of people is responsible for population growth. .

b. that there is a stage that income and population stop to grow.

c. increased population has nothing to do with economic growth.

d. there is inequality in income there fore population is affected

e. There is point in which population is not contributing to labor increases.

Definition Definition Increase in the amount of goods and services produced by a country in a given period of time compared to an earlier period. Economic growth is generally coupled with a rise in national income or the purchasing power of individuals. It is often measured in terms of the increase in a country's gross domestic product (GDP), or the overall monetary value of all the complete or final services and goods that a country can produce within its domestic boundaries in a specific period.

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