The Population of the World Was About 5

question 138

Multiple Choice

The population of the world was about 5.3 billion in 1990.Birth rates in the 1990s range from 35 to 40 million per year and death rates range from 15 to 20 million per year.Let's assume that the carrying capacity for world population is 100 billion.Use the logistic model to predict the world population in the 2,450 year.Calculate yourAnswer in billions to one decimal place.(Because the initial population is small compared to the carrying capacity, you can take to be an estimate of the initial relative growth rate.) Select the correct Answer

• A)78.3 billion
• B)27.0 billion
• C)17.1 billion
• D)59.2 billion
• E)32.9 billion

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Definitions:

Adjusting Entry

An accounting journal entry made at the end of an accounting period to allocate income and expenditure to the appropriate period.

Interest-Bearing Note

A debt instrument that pays interest to the holder at a specified rate over the life of the note until its maturity.

Interest-Bearing Note

A debt instrument that pays interest to the holder until the maturity date when the principal amount is repaid.

Interest Expense

The cost incurred by an entity for borrowed funds, representing the interest payable on any type of debt.