Compared to the 26 European Countries with the Largest Inmate

question 27

Multiple Choice

Compared to the 26 European countries with the largest inmate populations, the United States

• A) Has about the same prison population as the average for those countries
• B) Has a larger prison population numerically, but in proportion to population size, the U.S. prison population is about the same as the prison populations of European countries.
• C) Has about the same prison population as the total for those countries
• D) Has considerably more people in prison than the total for those countries.

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Definitions:

Consumption

The use of goods and services by households. It includes spending on durable goods, nondurable goods, and services.

Loanable Funds

The market where savers supply funds for loans to borrowers, often illustrated by the supply and demand for loans.

Interest Rate

The chunk of a loan taken as interest by the borrower, typically outlined as an annual percentage of the loan's outstanding balance.

Surplus

A situation where the quantity of a good or service supplied exceeds the quantity demanded at the current price, often leading to downward pressure on prices.