Question

Consider the Malthusian model. The Romans are famous for building roads within their empire. All else equal, the Malthusian model predicts that the effect of this increased/ decreased/ no effect income per capita and increased/ decreased/ no effect population versus a counterfactual without Roman roads.

Consider the Malthusian model as applied to the Ming dynasty in early-modern China. Suppose that customs change and the age at first marriage for women falls. All else equal, in the long run, real output per capita will fell\ rise\ remain unchanged

and the population level will fell\ rise\ remain unchanged .

Answer 1

Answer : ******** If roman roads are not made ***"

Effect of increased Income per capita and increased Population.

As above model assume that Population growth is exponential and building roads will create employment which will increase income per capita.

******** If roman roads are made *********

No effect in income per capita and increase in population according to above model.

Answer : Real output per capita will fall and Population level will be rise. Early marriage will happen due to age falls for women's marriage. This will increase Population and due to increase Population and GDP will same hence this will result in fall in real output per capita.

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