Towards the end of the 16th century the potato (originated in South America) was brought to Europe. Within a short time period it became the prime agricultural crop in Ireland. The population of Ireland was about 1.4 million in 1600 and increased to about 8.4 million by 1841. The Irish economy was in a Malthusian state throughout this period. According to the Malthusian model, (a) What should have been the increase in productivity due to the introduction of potatoes so as to generate (alone) a 6-fold increase in population? (b) Draw the phase diagram that describes the evolution of population from one steady-state to another. (c) What should we expect the level of income per capita to be in 1841 relative to the level in 1600?
Towards the end of the 16th century the potato (originated in South America) was brought to Europe. Within a short time period it became the prime agricultural crop in Ireland. The population of Ireland was about 1.4 million in 1600 and increased to about 8.4 million by 1841. The Irish economy was in a Malthusian state throughout this period. According to the Malthusian model, (a) What should have been the increase in productivity due to the introduction of potatoes so as to generate (alone) a 6-fold increase in population? (b) Draw the phase diagram that describes the evolution of population from one steady-state to another. (c) What should we expect the level of income per capita to be in 1841 relative to the level in 1600?
Chapter1: The Role And Method Of Economics
Section: Chapter Questions
Problem 8P
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![Towards the end of the 16th century the potato (originated in South America) was
brought to Europe. Within a short time period it became the prime agricultural crop
in Ireland. The population of Ireland was about 1.4 million in 1600 and increased to
about 8.4 million by 1841. The Irish economy was in a Malthusian state throughout
this period. According to the Malthusian model,
(a) What should have been the increase in productivity due to the introduction of
potatoes so as to generate (alone) a 6-fold increase in population?
(b) Draw the phase diagram that describes the evolution of population from one
steady-state to another.
(c) What should we expect the level of income per capita to be in 1841 relative to
the level in 1600?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F0e314950-d015-4e7b-bc1d-bbb11e70a793%2F0c9711b6-3121-4ae8-a920-b5f14bd07ad8%2Flk1p2hq_processed.png&w=3840&q=75)
Transcribed Image Text:Towards the end of the 16th century the potato (originated in South America) was
brought to Europe. Within a short time period it became the prime agricultural crop
in Ireland. The population of Ireland was about 1.4 million in 1600 and increased to
about 8.4 million by 1841. The Irish economy was in a Malthusian state throughout
this period. According to the Malthusian model,
(a) What should have been the increase in productivity due to the introduction of
potatoes so as to generate (alone) a 6-fold increase in population?
(b) Draw the phase diagram that describes the evolution of population from one
steady-state to another.
(c) What should we expect the level of income per capita to be in 1841 relative to
the level in 1600?
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