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Study with Quizlet and memorize flashcards containing terms like Write an equation for the rule of 70. What is it used for?, What are the four factors used to determine population growth? What is the equation?, From the equation in #3, what factors add organisms to a population? Which ones remove organisms from a population? and more.
More children in the population means that more financial resources are shifted towards the young, and this would be predicted to lower savings in the economy (↓ s). Or a larger
Nation's total output of services increases over time. Important *2 1. Because of scarcity, everyone wants more goods + services in the future than they already have 2. If a population increases there will be more people that want goods + services in the future.
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Since economics and demography affect one another, there is the possibility of feedback loops. The population’s growth could cause the economy to grow, which could cause the population to grow, and so on forever and ever without rest. On the other hand, the causality between population and the economy could be such that an equilibrium emerges.