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Chapter 18: Q. 18.1LO (page 397)

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).

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Most popular questions from this chapter

How might Africa's productivity improvements help to explain the recent growth reversal between advanced nations and developing and emerging countries?

Consider the estimates that the World Bank has assembled for the following nations:

Rank the nations in order, starting with the one you would expect to have the highest rate of economic growth, other things being equal. Explain your reasoning.

Describe the growth shift from advanced nations to developing and emerging countries.

Identify which of the following situations currently faced by the World Bank or the International Monetary Fund are examples of adverse selection and which are examples of moral hazard.

a. The World Bank has extended loans to the government of a developing country to finance construction of a canal with a certain future flow of earnings. Now, however, the government has decided to redirect those funds to build a casino that may or may not generate sufficient profits to allow the government to repay the loan.

b. The IMF is considering extending loans to several nations that failed to fully repay loans they received from the IMF during the past decade but now claim to be better credit risks. Now the IMF is not sure in advance which of these nations are unlikely to fully repay new loans.

c. The IMF recently extended a loan to a government directed by democratically elected officials that would permit the nation to adjust to an abrupt reduction in private flows of funds from abroad. A coup has just occurred, however, in response to newly discovered corruption within the government's elected leadership. The new military dictator has announced tentative plans to disburse some of the funds in equal shares to all citizens.

What does this tell us about a comparison of the average rate of growth of real GDP since 2000 in emerging and developing nations compared with advanced nations?
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