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2. You are studying the economic conditions in the Philippines when a massive mudslide occurs that destroys a large segment of the country's farmland.
2. You are studying the economic conditions in the Philippines when a massive mudslide occurs that destroys a large segment of the country's farmland. (a) Use the Malthusian model (e.g., draw the diagrams) to show the Philippines in steady state before and after the mudslide. (b) Interpret your results from part (a) and explain how the mudslide impacts output per capita, consumption per capita, and the population growth rate in the long run. (c) Again, using the Malthusian model as your guide, what policies would you rec- ommend to the government of the Philippines in response to this natural disaster
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