Answer to Question #211054 in Macroeconomics for econ101

Question

In the fall of the year 2021, Narnia witnesses exceptionally good weather conditions which are so conducive to agriculture on the magical lands, that the average food grain harvested in summer 2021 is substantially higher than the usual amount. What is your prediction for Narnia’s fawn-society in terms of their standards of living (which depend on average food-grain produced in the economy) and population? Is this in sync with the Malthusian hypothesis about standards of living? 

Explain your prediction and how these relate to the Malthusian prediction, as well as the reason that drives these similarities or differences.

Answer 1

In the fall of 2021, there was a substantially higher harvest due to exceptionally good weather.

 The average food grains production has decreased as the population is the same, hence harvest is more, but the prediction can’t be applied in the coming years.

 According to Malthus, the rise in food grains occurs at the arithmetic rate while the population grows at a geometric progression. In this case, the increase in production will feed the people properly. As a result, there will be excess demand for food grains.