The Average Annual Rate of Population Increase in the Philippines

question 36

Multiple Choice

The average annual rate of population increase in the Philippines from 2000 to 2010 was about 2 percent. Based on this rate of growth, the population of the Philippines will double in about:

• A) 7 years
• B) 11 years
• C) 35 years
• D) 46 years

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Definitions:

Market Equilibrium

A situation in economics where the quantity of goods supplied is equal to the quantity of goods demanded at a specific price.

Trade Restrictions

measures taken by governments to control or limit the trade of goods and services across their borders, such as tariffs and quotas.

Import Quota

A government-imposed limit on the quantity of a particular good that can be imported into a country.

Domestic Goods

Are products and services that are produced within a country's borders, as opposed to imported goods from other countries.