What Phase of the Demographic Transition Model (DTM)has the Highest

question 2

Multiple Choice

What phase of the Demographic Transition Model (DTM) has the highest death rates and high birth rates?

• A)Phase 1
• B)Phase 2
• C)Phase 3
• D)Phase 4
• E)Phase 5

---

Definitions:

Installment Note

A debt instrument that requires regular payments, or installments, of principal and interest over a set period, until the debt is fully repaid.

Journal Entry

A record in accounting that shows a business transaction and its effect on the accounts, typically involving a debit and credit.

Interest Expense

The cost incurred by an entity for borrowed funds, referring to the interest payments made on any form of debt for a specific period.

Notes Payable

Notes payable are written agreements where a borrower agrees to pay back a specified amount of money, plus interest, to a lender by a certain date.