When Comparing Countries in Terms of the Percentage of Their

question 17

Multiple Choice

When comparing countries in terms of the percentage of their populations incarcerated in jails and prisons, the following statement is true:

• A) The United States is on par with other developed democracies in incarceration rates.
• B) Denmark far outpaces other developed nations' incarceration rates.
• C) No Western democracy even approaches the United States's high rates of incarceration.
• D) Russia is the most punitive country in the world as it incarcerates the highest percentage of its citizens.

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Definitions:

Real Interest Rates

An interest rate that's corrected for inflation to show the genuine cost of borrowing or the authentic return on savings.

Money Supply

The total capital available in an economy at a given moment, which includes cash, coins, and the money held in checking and savings accounts.

Value of Money

The purchasing power of money, indicating how much goods or services one unit of money can buy.

Excess Supply

A market situation where the quantity of a good or service supplied is greater than the quantity demanded at the current price.