During Phase 1 of the Demographic Transition Both Fertility and Mortality

question 57

Multiple Choice

During Phase 1 of the demographic transition both fertility and mortality are high, resulting in minimal population growth. In Phase 2 fertility continues to be high, but mortality rates decline, as a result of which the population __________.

• A) remains rather stable in size
• B) tends to increase in size rapidly
• C) ceases to grow and starts to decline
• D) usually goes extinct within a few generations

---

Definitions:

Financial Statements

Financial statements are written records that convey the business activities and the financial performance of a company, including balance sheet, income statement, and cash flow statement.

Net Income

Net income is the total profit of a company after all expenses and taxes have been subtracted from total revenue.

Hedge Accounting

Accounting techniques that modify the standard rules of accounting to recognize the offsetting effects on the financial statements of both the hedged item and the hedging instrument.

Mandatory

Required or obligatory; something that must be done or adhered to.