The total fertility rate in an economy is defined as:

The total fertility rate in an economy is defined as:

(a). the number of children born per 1000 people in the population in a year. (b). the number of children born to a couple in their lifetime in a given population. (c). the birth rate minus death rate. (d). the average number of live births a woman would have by the end of her child-bearing age. Explanation: The correct definition of the Total Fertility Rate (TFR). The average number of live births a woman would have by the end of her child-bearing age. It's a hypothetical figure based on the current age-specific fertility rates in a population. Historical trends: TFR has generally declined globally over the past few decades, with significant variations across regions and countries. Demographic transition: The decline in TFR is often linked to the demographic transition, a shift from high birth and death rates to low birth and death rates. Policy implications: Understanding TFR is crucial for policymakers in areas such as education, healthcare, and economic planning. Therefore, correct answ…