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ECO612 Assignment 1 Solution 2023
ECO612 Assignment 1 Solution 2023
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ECO-612 Assignment 1 Solution 2023
Solution:
Fertility Rate:
Fertility rate is the average number of children born to a woman during her reproductive years.
Fertility Rate = (Total number of births / Number of women aged 16 - 50) * 1000
Fertility Rate = (500000 / 3400000) * 1000
Fertility Rate ≈ 147.06 births per 1000 women aged 16 - 50
Death Rate:
Death rate is the number of deaths per 1000 people in a population over a certain period.
Rate of natural increase is the difference between the birth rate and the death rate.
Doubling Time:
The time it takes for a population to double can be calculated using the rule of 70. The
rule of 70 states that you can estimate the doubling time of a population by dividing 70 by the
annual growth rate.
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Vu Helping Solution
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Therefore,
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