The Population of the State of New York in 2000

question 68

Multiple Choice

The population of the state of New York in 2000 was about 18,976,000. In 2001, the population was about 19,011,000. What was the average growth rate over that period?

• A) 0.18%
• B) 1.16%
• C) 1.90%
• D) 2.30%

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Definitions:

Substitute Good

A product or service that satisfies the need of a consumer that another product or service fulfills.

Important Resource

A crucial element or input required for the production process or societal functioning.

Immigration

The action of coming to live permanently in a foreign country.

Demand Curve

A graphical representation showing the relationship between the price of a good and the quantity demanded by consumers at those prices.