Question: My Dave Google Drive My Dedele Drive Major assignment Winter 202 X Country lead om.google.com/u/1/w/MOSNTMwNrKOMDc0/c/MjY1MJUSOTASODEX YouTube New Tab ampEducator Inc. Tople s for Group (a
My Dave Google Drive My Dedele Drive Major assignment Winter 202 X Country lead om.google.com/u/1/w/MOSNTMwNrKOMDc0/c/MjY1MJUSOTASODEX YouTube New Tab ampEducator Inc. Tople s for Group (a (1) What is rule of 70? (ii) If Country X had double the initial level of real GDP per capita of Country Y and Country X was growing at 1.4 percent a year, what should be the growth rate of country Y so that after 50 years their GDP becomes equal? Please explain logically or mathematically. (b) (i) What is the effect of population growth on per capita economic growth? (ii) Could a country experience a fall in population and a rise in real GDP at the same time? (iii) What is the role of Labour force participation in it? (c) (i) What was Malthusian prediction? (ii) Why Malthusian prediction proved wrong for much of the world? Specifleations (a) Please support your explanation with valid logies and suitable examples My Dave Google Drive My Dedele Drive Major assignment Winter 202 X Country lead om.google.com/u/1/w/MOSNTMwNrKOMDc0/c/MjY1MJUSOTASODEX YouTube New Tab ampEducator Inc. Tople s for Group (a (1) What is rule of 70? (ii) If Country X had double the initial level of real GDP per capita of Country Y and Country X was growing at 1.4 percent a year, what should be the growth rate of country Y so that after 50 years their GDP becomes equal? Please explain logically or mathematically. (b) (i) What is the effect of population growth on per capita economic growth? (ii) Could a country experience a fall in population and a rise in real GDP at the same time? (iii) What is the role of Labour force participation in it? (c) (i) What was Malthusian prediction? (ii) Why Malthusian prediction proved wrong for much of the world? Specifleations (a) Please support your explanation with valid logies and suitable examples
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