Mason V. answered 06/07/20
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Undergraduate Tutor Specializing in Economics/ Math for Economics
a) To solve this question, we first need to figure out how many minutes there are in a year:
- 60 mins/hr * 24 hrs/day * 365 days/yr (using a common calendar) = 525,600
- 1,300,000 / 525,600 = 2.47 births / min
b) To calculate births per 100,000 people, note that:
- 100,000 * 800 = 80,000,000
- 100,000 * 13 = 1,300,000
So, we can calculate births/100,000 people by calculating 13/800 = .01625