Malthusian trap - Study guides, Class notes & Summaries

ECON0002 TERM 1 ACTUAL EXAM BANK / 250+ QUESTIONS AND VERIFIED SOLUTIONS 2024/2025 GRADED A+. 2 / 14 1. What is the 90/10 ratio?: average income of the richest 10% divided by theaverage income of the poorest 90% 2. What does disposable income not measure?: quality of social and physicalenvironment, amount of free time, goods and services you can't buy, goods andservices that are produced within the household 3. How to calculate nominal gdp?: sum of (price of good i x quantity of good ...

What is Economics? correct answers The study of allocating scarce resources The study of production and distribution The study of money and the things that go with that Correct! All of these If people begin demanding more of a good, but the supply remains the same, what will happen to the price? In an example, if a lot of people suddenly develop a tobacco habit, but there aren't more tobacco growers, what will happen to the price of tobacco? correct answers Correct! It will go up, as the...

What is the 90/10 ratio? - ANS average income of the richest 10% divided by the average income of the poorest 90% What does disposable income not measure? - ANS quality of social and physical environment, amount of free time, goods and services you can't buy, goods and services that are produced within the household How to calculate nominal gdp? - ANS sum of (price of good i x quantity of good i) How to calculate real gdp? - ANS multiply prices from base year by quantities for year of mea...

intro to demographic transition - ANS -the story of the 20th century was one of massive demographic growth -within the lifetime of just our parents the population has over doubled -3 billion in 1960 -7 billion in 2018 -9 billion projection in 2050 stage one of population growth - ANS -classic Malthusian trap of nature -this is typically very primitive societies trapped with the issue of not having enough food -high birth rates and high death rates -high death rates because of diseases a...

state autonomy is - Answer- the ability of the state to wield power independent of public and international actors Which of the following combinations of capacity and internal autonomy best fits the United States - Answer- Low autonomy, high capacity Examples of states that are not or have not been considered failed states - Answer- UK, USA, Japan, India Which of the following states most closely fits the ideal model of a nation-state? - Answer- Japan Which of the following historica...

Thorough lecture notes on IS 301 Course Political Economy of Long-Run Development

What is the 90/10 ratio? - ANS average income of the richest 10% divided by the average income of the poorest 90% What does disposable income not measure? - ANS quality of social and physical environment, amount of free time, goods and services you can't buy, goods and services that are produced within the household How to calculate nominal gdp? - ANS sum of (price of good i x quantity of good i) How to calculate real gdp? - ANS multiply prices from base year by quantities for year of mea...

intro to demographic transition - ANS -the story of the 20th century was one of massive demographic growth -within the lifetime of just our parents the population has over doubled -3 billion in 1960 -7 billion in 2018 -9 billion projection in 2050 stage one of population growth - ANS -classic Malthusian trap of nature -this is typically very primitive societies trapped with the issue of not having enough food -high birth rates and high death rates -high death rates because of diseases a...

economic history intro to demographic transition - ANS -the story of the 20th century was one of massive demographic growth -within the lifetime of just our parents the population has over doubled -3 billion in 1960 -7 billion in 2018 -9 billion projection in 2050 stage one of population growth - ANS -classic Malthusian trap of nature -this is typically very primitive societies trapped with the issue of not having enough food -high birth rates and high death rates -high death rates bec...

intro to demographic transition - ANS -the story of the 20th century was one of massive demographic growth -within the lifetime of just our parents the population has over doubled -3 billion in 1960 -7 billion in 2018 -9 billion projection in 2050 stage one of population growth - ANS -classic Malthusian trap of nature -this is typically very primitive societies trapped with the issue of not having enough food -high birth rates and high death rates -high death rates because of diseases a...