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(a) What is the fundamental difference between the Malthusian model and the Neo-Malthusian model? Explain. (b) Consider thediagram above. Is this a Malthusian case or
(a) What is the fundamental difference between the Malthusian model and the Neo-Malthusian model? Explain.
(b) Consider thediagram above. Is this a Malthusian case or a Neo-Malthusian case?
(c) What is the equilibrium per capita income in this country? Explain how you know.
(d)Does the country suffer from a population trap problem in the sense that the country finds itextremely difficult to increase its per capita income (given the birth rates and the death rates)? How can such a trap, if it exists, be addressed through policy?
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