Solve the Problem

question 214

Multiple Choice

Solve the problem. Round your answer to 2 decimal places when necessary.
-A country with a population of 103 million has 19,261 traffic fatalities. Find the fatality rate in deaths per 100,000 population.

• A)1926 deaths per 100,000 people
• B)187 deaths per 100,000 people
• C)1.87 deaths per 100,000 people
• D)18.7 deaths per 100,000 people

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Definitions:

GDP

Gross Domestic Product, a measure of the economic performance of a country, calculating the total value of all goods and services produced over a specific time period.

Gross Investment

The total amount spent on purchases of new capital assets and replacement of depreciated assets within a specified period.

Net Investment

The total spending on new capital minus the replacement of depreciated capital, indicating the actual addition to the capital stock in an economy.

GDP Deflator

An economic metric that converts the gross domestic product (GDP) from current market prices into constant dollar terms in order to measure the real growth of an economy, excluding the effect of inflation.