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Consider the Malthusian growth model. Recall that upper-case variables denote aggregate variables, lower-case Variables denote per worker (or per capita) variables, and aggregate production is
Consider the Malthusian growth model. Recall that upper-case variables denote aggregate variables, lower-case Variables denote per worker (or per capita) variables, and aggregate production is determined by Y= F(L. N). and population evolves endogenously as consumption per worker; i.e., * = q(e) regate production function takes the following functional form: Ture out lined in vour notes, show that the followine is true in the steac (b) Is the key insight of the Malthusian model consistent with the observed patterns of economic growth the world today! How about in 1798 when Malthus wrote this theory! Provide questions. Your answer must make reference to at least two economic growth facts. (c)In a Malthusian world. the only way for long-run living standards to improve is to control population growth. Putting aside morality issues related to population control, why are there limits to control as a tool to increase living standards
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