LSC CUMBERLAND EC202 MICRO>PKG<
21st Edition
ISBN: 9781260586992
Author: McConnell
Publisher: MCG
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Chapter 19, Problem 1P
To determine
Second, Third and Fourth generation population.
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Suppose that the current (first) generation consists of 1 million people, half of whom are women. Assume the total fertility rate is 1.2 and the only way people die is of old age.
Instructions: In part a, enter your answer as a whole number. In parts b and c, round your answers to 2 decimal places.
a. How big will the fourth generation (the great-grandchildren) be?
___ people
b. How much smaller (in percentage terms) is each generation than the previous generation?
___ percent
c. How much smaller (in percentage terms) is the fourth generation than the first generation?
___ percent
(a) unemployment in the originating nation, (b) remittances
* How might the output and income gains from immigration
shown by the simple immigration model be affected by
themployment in the originating nation, (b) remittances
inmigrants to the home country, and (c) backflows of
migrants to the home country? LO23.3
migrants to the home country? LO23.3
shown by the simple immigration model be affected by
In the year 2014, the world's average per capita GDP was $14,517. What percent of the world's population
lived in a country with per capita GDP that was below $14,517?
O 21%
43%
56%
OOOO
73%
Show Transcribed Text
Roughly what percent of the world's population live in countries with per capita GDP lower than the average
world per capita GDP?
75%
50%
© 25%
C
10%
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