Suppose that the current (first) generation consists of 1 million people, half of whom are women. If the total fertility rate is 1.3 and the only way people die is of old age, how big will the fourth generation (the great-grandchildren) be?
Explain how much smaller (in percentage terms) is each generation than the previous generation? percent
Instructions: round your answer below to one decimal place.
How much smaller (in percentage terms) is the fourth generation than the first generation? percent