Practice question · Fill in the blanks
Complete the Malthusian logic.
In the Malthusian model, productivity gains raise income temporarily, but ______ growth absorbs the surplus, returning income to ______.
Word bank: population · subsistence · trade · inflation
Hints
- The loop has two steps: population absorbs, income reverts.
- That is why progress produced more people rather than richer ones.
Show the answer
In the Malthusian model, productivity gains raise income temporarily, but population growth absorbs the surplus, returning income to subsistence.
Why
Population absorbs, subsistence returns, the two-step loop that held for millennia.
Practise The Pre-industrial Economy
The app has 5 more questions on this lesson, and keeps your place in the course. Business I is free to start.
More questions on The Pre-industrial Economy
- Organic or fossil-fuel economy?
- Match each pre-industrial concept to its definition.
- Medieval European population doubled between 1000 and 1300, then agricultural output per person barely…
- Pre-industrial economies used only energy from recent photosynthesis, muscle, wood, wind, water. Why did that…
- Which factors kept the pre-industrial economy in the Malthusian trap?
- Order the Malthusian cycle after a positive agricultural shock.
- In the Malthusian model, technological progress permanently raises income per capita.
- In pre-industrial Europe, roughly what percentage of the population worked in agriculture?