3. The world was growing at a constantgrowth of 0.00007% rate between 100,000BC and 1750AD. If birth rates per thousandaveraged 35 during this period , what wasthe average death rate in equilibrium.(approximately)O 3135408. Which of the following statements iscorrect?A model is an exact representation of whatgoes on in the economy.Equilibrium in GDP growth rate is when thegrowth rate is zero.A model is an economic relationship that isonly represented by mathematics.Equilibrium is a self-perpetuating situationthat does not change, unless a force forchange is introduced from the outside andalters the basic data describing thesituation.9. According to Malthus, which of thefollowing are the not the causes ofdiminishing average product of labor?Environmental effects of over-cultivation(e.g. increased carbon emissions)Increase in population growth rateMore labour is devoted to a fixed quantityof land.The new land brought into cultivation is ofinferior quality30

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Brief Principles of Macroeconomics (MindTap Course List)

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ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter7: Production And Growth

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3. The world was growing at a constant growth of 0.00007% rate between 100,00O0 BC and 1750AD. If birth rates per thousand averaged 35 during this period , what was