The Average Number of Children Per North American Has Decreased

question 80

Essay

The average number of children per North American has decreased since 1960 from 3.1 to 1.8. What are some reasons for this decline?

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Definitions:

Sunk Cost

A cost that has already been incurred and cannot be removed and therefore should not be considered in an investment decision.

Straight-Line Depreciation

A method of allocating an asset's cost evenly over its useful life, resulting in a consistent depreciation expense each year.

Operating Costs

Expenses associated with the day-to-day functions of a business, excluding costs related to production or acquisition of goods.

Rate of Return

The percentage gain or loss on an investment over a specified time period.