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4.Suppose x_t grows at 1% per year and y_t grows at 3% per year, with x_0 = 4 and y_0 = %3D 2. Calculate the numerical values of z_t for t= 0, t= 1, t= 2, t= 5 for the following cases. In calculating those values, use the math trick I pointed out in the class: (1+gbar)^t is approximately equal to (1+t gbar). 4.a Z = x^2 4.b Z = xy 4.c z = y^0.5

4.Suppose x_t grows at 1% per year and y_t grows at 3% per year, with x_0 = 4 and y_0 = %3D 2. Calculate the numerical values of z_t for t= 0, t= 1, t= 2, t= 5 for the following cases. In calculating those values, use the math trick I pointed out in the class: (1+gbar)^t is approximately equal to (1+t gbar). 4.a Z = x^2 4.b Z = xy 4.c z = y^0.5

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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4.Suppose x_t grows at 1% per year and y_t grows at 3% per year, with x_0 = 4 and y_0 = 2. Calculate the numerical values of z_t for t= 0, t= 1, t= 2, t= 5 for the following cases. In calculating those values, use the math trick I pointed out in the class: (1+gbar)^t is approximately equal to (1+t gbar). 4.a Z = x^2 4.b Z = xy 4.c z = y^0.5
Transcribed Image Text:4.Suppose x_t grows at 1% per year and y_t grows at 3% per year, with x_0 = 4 and y_0 = 2. Calculate the numerical values of z_t for t= 0, t= 1, t= 2, t= 5 for the following cases. In calculating those values, use the math trick I pointed out in the class: (1+gbar)^t is approximately equal to (1+t gbar). 4.a Z = x^2 4.b Z = xy 4.c z = y^0.5
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