At the Beginning of 1990, the Population of a Certain

question 114

Multiple Choice

At the beginning of 1990, the population of a certain state was 53.2% rural and 46.8% urban. Based on past trends, it is expected that 10% of the population currently residing in the rural areas will move into the urban areas, while 16% of the population currently residing in the urban areas will move into the rural areas in the next decade. What was the population distribution in that state at the beginning of 2000? ​

• A) 56.972% rural and 43.028% urban
• B) 55.368% rural and 44.632% urban
• C) 44.632% rural and 55.368% urban
• D) 43.028% rural and 56.972% urban

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Definitions:

Market Price

The immediate rate at which assets or services are traded in the open market.

Par Common Stock

The nominal or face value of a share of common stock, as stated in the corporate charter.

Fair Market

The price at which a willing buyer and seller would agree to transact in an open and unrestricted market.

Common Stock

Common stock represents equity ownership in a corporation, where shareholders are entitled to vote on corporate matters and possibly receive dividends.