Suppose that the current (first) generation consists of 2 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 parts a and b, enter your answers as whole numbers. In part c, round your answer to 2 decimal places.
a. How big will the fourth generation (the great-grandchildren) be?
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?