Pablo is most likely at Stage 3 of the demographic map.
The Demographic Transition Model aims to predict how the population of an area will progress based on observations about population in other countries.
There are 5 stages and Pablo is most likely at the third stage where:
- birth rates begin to decline as shown by Pablo having three children
- less people are involved in agriculture as shown by Pablo moving to the the city
In conclusion, Pablo's unwillingness to have more children and his move to the city shows that this is stage 3 of the Demographic Transition Model.
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The formula for finding the <span>percentage of revenue that is spent on advertising will be:
</span>Percentage of revenue that is spent on advertising = Advertising Budget / Revenue x 100%
Using the values, we get:
Percentage of revenue that is spent on advertising = (8,000,000/138,000,000) x 100% = 5.80%
This means 5.80% of <span>revenue is spent on advertising</span>
