Between 1965 and 1980, the World Population Grew at an Annual

question 62

Multiple Choice

Between 1965 and 1980, the world population grew at an annual rate of 2%. Using the rule of 72, population is expected to double in

• A) 144 years.
• B) 36 years.
• C) 24 years.
• D) 18 years.

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Definitions:

Arbitrage

The practice of buying and selling assets in different markets or in different forms to exploit price differences for a profit.

Yen

The official currency of Japan, used in both physical and electronic forms for transactions within the country and internationally.

Real Exchange Rate

The rate at which two currencies can be traded for each other, adjusted for inflation differentials between the two countries.

Nominal Exchange Rate

The rate at which one country's currency can be traded for another country's currency, not adjusted for inflation.