The relationship between population and income is___________________?
Correct answer: A. an increase in income produces a decline in fertility
- A. an increase in income produces a decline in fertility
- B. the birth rate rises because of an increase in education
- C. the rise in income and population results in a decrease of urbanization
- D. working women have more children
Explanation
As income and living standards rise, fertility generally falls because education, contraception, and the opportunity cost of child-rearing increase. Education usually lowers, rather than raises, birth rates, making option b a tempting error.
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About Macroeconomics
The economy is studied as a whole through national income, gross domestic product, inflation, unemployment, economic growth and business cycles. Coverage includes aggregate demand and supply, consumption and investment, money and banking, fiscal and monetary policy, exchange rates and balance of payments, which distinguishes macroeconomics from the study of individual markets.
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