The Population of the State of Georgia in 2001 Was

question 29

Multiple Choice

The population of the state of Georgia in 2001 was about 8,384,000. The average growth rate from 2000 to 2001 was 2.4%. What was the approximate population in 2000?

• A) 6,238,100
• B) 7,284,700
• C) 8,028,200
• D) 8,187,500

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Definitions:

L-shaped

Can refer to a type of economic recession and recovery that resembles the shape of the letter "L", indicating a steep decline followed by a period of stagnation.

Kinks

Points at which there is a sudden change in direction or curve, often used in economics to describe non-linearities in graphs like the demand curve.

Indifference Curves

Graphical representations in microeconomics that illustrate different bundles of goods between which a consumer is indifferent, showing levels of utility.

Indifference Curves

Graphical representations in microeconomics showing different combinations of two goods that provide the same level of satisfaction to a consumer.