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Is population growth a problem?
Quick population growth is a main cause of poverty and arises where population growth go beyond the rate of economic growth.
Standards of living decreasing and greater demands are placed upon restricted resources.
Quick population growth has short and long run both impacts:
• Into the short run falling per capita income implies less education to develop human capital- a main factor in increasing productivity
• Into the long run more workers are obtainable to assist raise GDP along with a lead time of 15+ years Implications: decrease family size by education, family planning, tax incentives legislation for example, China one child programme.
What are Harrod-Domar assumptions? The H-D (Harrod-Domar) model assumes as: • Fixed capital output ratio. Nonetheless, diminishing marginal returns to capital element exist
What does Rostow predict? For Rostow: • Savings and capital accumulation (formation) are central to the procedure of growth therefore development • The solution to de
Do you agree with what Dick Brandon said regarding sex? Do not take this question too seriously! Even though the quotation had a humorous intention, this does highlight a serio
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There are three industrial firms in a quaint town of South Orange where the municipal government wants to reduce pollution to 120 units from uncontrolled level of 210 units. Three
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