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Exhibit 21-1 -Answer the Questions Below

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Exhibit 21-1 Exhibit 21-1   -Answer the questions below: (A)Using the table in Exhibit 21-1, suppose that the capital stock is 50, and the subsistence level is eight units of output (food) per unit labor. If the current labor force level is 150, explain whether the labor force and output are likely to increase or decrease as the Malthusian equilibrium is reached. (B)If the capital stock is 100 instead of 50, the subsistence level is still eight units of output (food) per unit labor, and the current labor force level is still 150, explain whether the labor force and output would be likely to increase or decrease as the Malthusian equilibrium was reached. (C)What does the Malthusian model implicitly assume about the number of children people will have?
-Answer the questions below:
(A)Using the table in Exhibit 21-1, suppose that the capital stock is 50, and the subsistence level is eight units of output (food) per unit labor. If the current labor force level is 150, explain whether the labor force and output are likely to increase or decrease as the Malthusian equilibrium is reached.
(B)If the capital stock is 100 instead of 50, the subsistence level is still eight units of output (food) per unit labor, and the current labor force level is still 150, explain whether the labor force and output would be likely to increase or decrease as the Malthusian equilibrium was reached.
(C)What does the Malthusian model implicitly assume about the number of children people will have?

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(A)With 50 units of capital, the Malthus...

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