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International Political Economy
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Question:
RELEVANCE OF THE MATHUSIAN Theory for Economic Development T
Author: Angelie BayabanAnswer:
- First, there is a positive effect of the standard of living on the growth rate of population, resulting either from a purely biological effect of consumption on birth and death rates, or a behavioral response on the part of potential parents to their economic circumstances. - Second, because of the existence of some fixed resource such as land (LIMITED), there is a negative feedback from the size of population to the standard of living.
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