Population and Economic Growth
7 important questions on Population and Economic Growth
Explain what the "Malthusian Trap" is.
Moral Constraint: Reduced Fertility. Lead to higher growth.
Explain using the Solow Model why growing populations lead to low level income.
How is population growth rate defined?
Demographic transition. Mortality decreases. Fertility stays the same. Than Fertility will decrease as well.
Mortality Transition
Life expectancy at birth
Fertility Transition
Total Fertility Rate
Net Rate of Reproduction
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Name four reasons why in developed economies fertility has decreased.
2. Quality over Quantity
3. Flow of funds from child to parent (Elder support)
4. Kids are more expensive(Income effect). Buy other stuff with your money (Substitution effect)
Describe the formula used to compare the level of output of countries
Explain what development accounting is
Explain what growth accounting is
The question on the page originate from the summary of the following study material:
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