Assume that a country, in year 5, has a population level, P, of 14 380 individuals. The country's population has been growing at a constant yearly rate of 2.4%. a) Find the country's initial population size, assuming that we are dealing with discrete time. Then, determine the initial population size assuming continuous time. (You must show all your work!) Are the two initial population sizes similar? Why or why not? b) Now, assume that g is actually 5% and that the initial population level was, in fact, 10,000. Using the Rule of 70, graph the population growth on a ratio scale for the time periods, t= 0, 7, 14, and 28. Label your graph. Please upload your answer as ONE file (document or picture files are acceptable).

Assume that a country, in year 5, has a population level, P, of 14 380 individuals. The country's population has been growing at a constant yearly rate of 2.4%. a) Find the country's initial population size, assuming that we are dealing with discrete time. Then, determine the initial population size assuming continuous time. (You must show all your work!) Are the two initial population sizes similar? Why or why not? b) Now, assume that g is actually 5% and that the initial population level was, in fact, 10,000. Using the Rule of 70, graph the population growth on a ratio scale for the time periods, t= 0, 7, 14, and 28. Label your graph. Please upload your answer as ONE file (document or picture files are acceptable).

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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