What is the key difference between Thomas Malthus and Michael Kremer's theories about population growth?
A) Kremer argued that with greater population, society would generate more ideas so that growth of real GDP per person could continue. Malthus argued that increasing population would outstrip agricultural production and economies will eventually decline irreversibly.
B) Kremer argued that increases in population would reduce the amount of human and physical capital per worker so that eventually the standard of living would decline. Malthus argued that increases in technology would allow increased output growth so that even with population growth, society would enjoy a higher standard of living.
C) Malthus argued that with greater population, society would generate more ideas so that growth of real GDP per person could continue. Kremer argued that increasing population would outstrip agricultural production and economies will eventually decline irreversibly.
D) Malthus argued that increases in population would reduce the amount of human and physical capital per worker so that eventually the standard of living would decline. Kremer argued that increases in technology would allow increased output growth so that even with population growth, society would enjoy a higher standard of living.

Question

Quizplus · Accepted Answer

Kremer's theory posits that a larger population can lead to more ideas and innovation, potentially sustaining or increasing the growth of real GDP per person. In contrast, Malthus believed that population growth would surpass the capacity for agricultural production, leading to a decline in economic conditions.

What Is the Key Difference Between Thomas Malthus and Michael