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Economics

Question: This problem will give you some practice examining the relationship between economic growth and population growth.

a. Over the period 1970-80, Tanzania's total GDP grew at 3.0 percent per annum and by 3.6 percent from 1980-93, while population expanded at 3.1 percent over the earlier period and by 3.2 percent, 1980-93. What was the rate of growth of GDP per capita over both periods?

b. Botswana's population grew by 3.5 percent per year, 1970-80, and by 3.4 percent, 1980-93, while total GDP grew by 14.5 percent per year, 1970-80, and by 9.6 percent per annum, 1980-93. What was happening to Botswana's GDP per person over each period?

c. Does population growth "cause" slow or fast growth in GDP? What is the connection between population growth and the increase in income per person suggested by these two examples?

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M92293380

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