The Human Population Doubled from 1 to 2 Billion Between

question 98

Multiple Choice

The human population doubled from 1 to 2 billion between 1800 and 1930.What led to this increase in population?

• A)government-controlled farming
• B)globalization and shared resources
• C)medical advances that eliminated many diseases
• D)people had more children

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Definitions:

Income Summary

A temporary account in the ledger that summarizes revenue and expenses and transfers the balance (net income or net loss) to Capital. This account does not have a normal balance, i.e. it could have a debit or a credit balance.

Capital Balances

The amounts recorded in the capital accounts of a company or partnership, reflecting the initial capital contributions and subsequent changes including profits earned and withdrawals.

Losses

Financial reductions resulting from business activities, such as the sale of assets for less than their book value or operational losses.

Net Profit

The amount of money a company earns after deducting all costs, expenses, and taxes from the total revenue.