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The following graph plots an index of real wages against population in England from the 1280s to the 1860s. Figure 2.17. Escaping the Malthusian trap: Population and real wages in England, from the 1280s to the 1860s 110 Malthusian traps 1860s 100 1850s 1830s 4740 90 1780s 80 Escape 70 60 1280s 50 1340 13th to 16th century 40 0 2 4 6 8 12 14 16 18 20 10 Population (millions) According to Malthus, with diminishing average product of labour in production and population growth in response to increases in real wages, an increase in productivity will result in increased population but not increased real wages in the long run. Based on the information above, which of the following statements are correct? Select one or more: a. Between the 1800s and the 1860s, population and real wages both rise almost continuously. This is entirely in line with Malthus's description of the economy's growth. b. In the 13th to 16th century, there is clear evidence of a Malthusian trap, and little evidence of any sustained improvements in technology. C. The Malthusian Model can only explain changes in wages and population in the period between the end of the 16th Century and the 1740s by some improvements in technology. d. The UK economy escaped from the Malthusian trap because population growth stopped from the 1800s onwards. Real wage index (1860-100) 1430s 1370s 1350s 1570 30s 1590s 1770s 1650s 1290s 1820s 1810s 18th century 1840

The following graph plots an index of real wages against population in England from the 1280s to the 1860s. Figure 2.17. Escaping the Malthusian trap: Population and real wages in England, from the 1280s to the 1860s 110 Malthusian traps 1860s 100 1850s 1830s 4740 90 1780s 80 Escape 70 60 1280s 50 1340 13th to 16th century 40 0 2 4 6 8 12 14 16 18 20 10 Population (millions) According to Malthus, with diminishing average product of labour in production and population growth in response to increases in real wages, an increase in productivity will result in increased population but not increased real wages in the long run. Based on the information above, which of the following statements are correct? Select one or more: a. Between the 1800s and the 1860s, population and real wages both rise almost continuously. This is entirely in line with Malthus's description of the economy's growth. b. In the 13th to 16th century, there is clear evidence of a Malthusian trap, and little evidence of any sustained improvements in technology. C. The Malthusian Model can only explain changes in wages and population in the period between the end of the 16th Century and the 1740s by some improvements in technology. d. The UK economy escaped from the Malthusian trap because population growth stopped from the 1800s onwards. Real wage index (1860-100) 1430s 1370s 1350s 1570 30s 1590s 1770s 1650s 1290s 1820s 1810s 18th century 1840

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
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The following graph plots an index of real wages against population in England from the 1280s to the 1860s. Figure 2.17. Escaping the Malthusian trap: Population and real wages in England, from the 1280s to the 1860s 110 Malthusian traps 1860s 100 1850s 1830s 4740 90 1780s 80 Escape 70 60 1280s 50 1340 13th to 16th century 40 0 2 4 6 8 12 14 16 18 20 10 Population (millions) According to Malthus, with diminishing average product of labour in production and population growth in response to increases in real wages, an increase in productivity will result in increased population but not increased real wages in the long run. Based on the information above, which of the following statements are correct? Select one or more: a. Between the 1800s and the 1860s, population and real wages both rise almost continuously. This is entirely in line with Malthus's description of the economy's growth. b. In the 13th to 16th century, there is clear evidence of a Malthusian trap, and little evidence of any sustained improvements in technology. C. The Malthusian Model can only explain changes in wages and population in the period between the end of the 16th Century and the 1740s by some improvements in technology. d. The UK economy escaped from the Malthusian trap because population growth stopped from the 1800s onwards. Real wage index (1860-100) 1430s 1370s 1350s 1570 30s 1590s 1770s 1650s 1290s 1820s 1810s 18th century 1840
Transcribed Image Text:The following graph plots an index of real wages against population in England from the 1280s to the 1860s. Figure 2.17. Escaping the Malthusian trap: Population and real wages in England, from the 1280s to the 1860s 110 Malthusian traps 1860s 100 1850s 1830s 4740 90 1780s 80 Escape 70 60 1280s 50 1340 13th to 16th century 40 0 2 4 6 8 12 14 16 18 20 10 Population (millions) According to Malthus, with diminishing average product of labour in production and population growth in response to increases in real wages, an increase in productivity will result in increased population but not increased real wages in the long run. Based on the information above, which of the following statements are correct? Select one or more: a. Between the 1800s and the 1860s, population and real wages both rise almost continuously. This is entirely in line with Malthus's description of the economy's growth. b. In the 13th to 16th century, there is clear evidence of a Malthusian trap, and little evidence of any sustained improvements in technology. C. The Malthusian Model can only explain changes in wages and population in the period between the end of the 16th Century and the 1740s by some improvements in technology. d. The UK economy escaped from the Malthusian trap because population growth stopped from the 1800s onwards. Real wage index (1860-100) 1430s 1370s 1350s 1570 30s 1590s 1770s 1650s 1290s 1820s 1810s 18th century 1840
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