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Identify and briefly describe the basic kinds of insurance.
Replacement Level
The replacement level is the number of children that each woman must have on average for population size to remain stable. Ignoring any inflow of population from other countries and any outflow to other countries, the replacement level is 2.1.
Total Fertility Rate
The average number of children born to a woman over her lifetime within a population.
Population Size
The total number of individuals within a defined area or group at a specific time.
Total Fertility Rate
The average number of children a woman is expected to give birth to during her lifetime, based on current birth rates.
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