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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

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?

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

Suppose that a foreign resident is contemplating buying 5 per cent of the shares of a company based in a developing nation but is experiencing difficulty determining whether the firm is riskier than others in that country. What type of investment is this foreign resident considering, and what type of asymmetric information problem is he or she experiencing?

A country's real GDP is growing at an annual rate of 3.1percent, and the current rate of growth of per capital real GDP is0.3 percent per year. What is the population growth rate in this nation?

For each of the following situations, explain which of the policy issues discussed in this chapter relates to the stance the institution has taken.

a. The World Bank offers to make a loan to a company in an impoverished nation at a lower interest rate than the company had been about to agree to pay to borrow the same amount from a group of private banks.

b. The World Bank makes a loan to a company in a developing nation that has not yet received formal approval to operate there, even though the government approval process typically takes 15months.

c. The IMF extends a loan to a developing nation's government, with no preconditions, to enable the government to make already overdue payments on a loan it had previously received from the World Bank.
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