of people increases by economic development.
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Answer:
Piketty (2014, p. 73) points to evidence that average annual world economic growth between 1700 and 2012 was 1.6% made up of equal parts population growth and per capita output growth of 0.8% each. While these growth rates may appear to be very small, they can lead to impressive increases over long periods of time
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Explanation:
growing population leads to an increase in total output. The sheer arithmetical increase in population creates work as well as incentives for production that impacts upon output and productivity quite favourably. Indeed, this argument is empirically important in addition to theoretical reasoning.
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