Population in the Underdeveloped Countries

question 29

Multiple Choice

Population in the underdeveloped countries:

• A) is growing at a rate about four times that in the developed countries
• B) has, in recent years, begun to grow at a rate similar to that found in the developed countries
• C) is growing at a rate only slightly faster than that found in the developed world
• D) is, contrary to popular belief, not really growing at all

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Definitions:

Budget Constraint

An economic model that shows the combination of goods and services a consumer can purchase with a given income.

CDs

Compact Discs, an optical storage medium used to store digital data including music, which has largely been replaced by digital downloads and streaming services.

Budget Constraint

The limitations on the consumers' ability to buy goods and services due to limited income and the prices of goods.

Income

Refers to the money received by a person or organization for work, from investments, or from various sources of revenue.