Why Do Demographers Seek to Standardize Population Numbers (Such That

question 9

Multiple Choice

Why do demographers seek to standardize population numbers (such that demographic reports tend to feature rates instead of raw numbers) ?

• A)to allow statistical analysis
• B)to facilitate comparisons between nations and over time
• C)Data must be standardized to be included in the demographic bookkeeping equation.
• D)They work with data with dubious origins.

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Definitions:

Incremental Borrowing Rate

The interest rate a borrower would have to pay in the current market environment for a similar loan with similar terms and conditions.

Implicit Rate

The interest rate implied in the terms of a lease or financial arrangement, often used in leasing transactions to calculate lease payments.

Economic Life

The period over which an asset is expected to be economically useful to the owner.

Warranty

A guarantee provided by a seller that a product will meet certain performance standards or an offer to repair or replace defective goods within a certain time frame.