Population growth leads to increased industrial output and societal well-being until 2030, after which a crash occurs.
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Population growth leads to increased industrial output and societal well-being until 2030, after which a crash occurs. Stable population and industrial output lead to a gradual improvement in societal well-being until 2030. Population growth and industrial output both continuously increase, leading to high societal well-being. As population and consumption increase, industrial output declines, causing a decline in societal well-being by 2030.
How does the "Business as Usual" Scenario predict the relationship between population growth, industrial output, and societal well-being leading up to the year 2030?
Related Book For
Macroeconomics
ISBN: 978-1464168505
5th Canadian Edition
Authors: N. Gregory Mankiw, William M. Scarth
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