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Consider the average annual growth rate 3.51% of 2000-2005, forecast the nationals population in Abu Dhabi in 2015. Use the continuous compounding equation of growth. Year Abu Dhabi Nationals Non-nationals Total 1980 90,792 361,056 1985 135,982 430,054 1990 173,992 556,389 1995 222,627 719,836 2000 211705 846,267 2005 345677 1,049,207 UAE 451,848 1,016,789 566,036 1,350,433 730,381 1,811,457 942,463 2,350,192 3,050,127 4,481,976

Consider the average annual growth rate 3.51% of 2000-2005, forecast the nationals population in Abu Dhabi in 2015. Use the continuous compounding equation of growth. Year Abu Dhabi Nationals Non-nationals Total 1980 90,792 361,056 1985 135,982 430,054 1990 173,992 556,389 1995 222,627 719,836 2000 211705 846,267 2005 345677 1,049,207 UAE 451,848 1,016,789 566,036 1,350,433 730,381 1,811,457 942,463 2,350,192 3,050,127 4,481,976

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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Consider the average annual growth rate 3.51% of 2000-2005, forecast the nationals population in Abu Dhabi in 2015. Use the continuous compounding equation of growth. Year Abu Dhabi Nationals Non-nationals Total 1980 90,792 361,056 1985 135,982 430,054 1990 173,992 556,389 1995 222,627 719,836 2000 211705 846,267 2005 345677 1,049,207 UAE 451,848 1,016,789 566,036 1,350,433 730,381 1,811,457 942,463 2,350,192 3,050,127 4,481,976 7
Transcribed Image Text:Consider the average annual growth rate 3.51% of 2000-2005, forecast the nationals population in Abu Dhabi in 2015. Use the continuous compounding equation of growth. Year Abu Dhabi Nationals Non-nationals Total 1980 90,792 361,056 1985 135,982 430,054 1990 173,992 556,389 1995 222,627 719,836 2000 211705 846,267 2005 345677 1,049,207 UAE 451,848 1,016,789 566,036 1,350,433 730,381 1,811,457 942,463 2,350,192 3,050,127 4,481,976 7
Expert Solution
Given
Year Abu Dabi    
  Nationals Non-nationals Total
1980 90792 361056 451848
1985 135982 430054 566036
1990 173992 556389 730381
1995 222627 719836 942463
2000 211705 846267  
2005 345677 1049207  
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