The Population of the Earth Is Approximately 6 Billion People

question 20

Multiple Choice

The population of the earth is approximately 6 billion people and is growing at an annual growth rate of 1.9%. Assuming a Malthusian growth model, find the world population in 45 years. Round your answer to the nearest tenth.

• A) 12.4 billion
• B) 14.8 billion
• C) 12.1 billion
• D) 14.1 billion

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Definitions:

Capitalism

An economic system where trade, industries, and the means of production are largely or entirely privately owned and operated for profit.

Public Goods

Goods that are non-excludable and non-rivalrous, meaning they are accessible to all members of society and one person's use does not reduce availability to others.

Indivisible

A characteristic of goods or factors that cannot be divided or separated into smaller units without losing value or utility.

Public Good

A product or service that is provided without profit to all members of a society, either by the government or a private individual or organization.