What is meant by Total Fertility Rate? How does it differ from Replacement Rate?

Explanation

### Step-by-Step Text Solution

**Step 1: Define Total Fertility Rate (TFR)**
Total Fertility Rate (TFR) is defined as the average number of children that would be born to a woman over her lifetime, assuming that the current age-specific fertility rates remain constant throughout her lifetime. It provides an estimate of the number of children a woman would have if she were to experience the exact current age-specific fertility rates through her lifetime.

**Step 2: Explain the significance of TFR**
TFR is an important demographic measure as it helps in understanding population growth or decline. A TFR of about 2.1 children per woman is generally considered the replacement level fertility in developed countries, meaning that the population will remain stable without immigration.

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