The following table shows the U.S. gross domestic product (GDP) G, in trillions of dollars, as a function of the year t. t = Year G = GDP (trillions of dollars) (a) Explain in practical terms what G(2014) means. O The expression G(2014) is the year when the U.S. gross domestic product had a value of 11.87 trillion dollars. ●The expression G(2014) is the U.S. gross domestic product in trillions of dollars in the year 2014. The expression G(2014) is the gross domestic product in trillions of dollars, multiplied by 2014. O The expression G(2014) is the average of G(2004) and G(2014). Find G(2014). $ 17.42 2004 2010 2014 11.87 14.66 17.42 trillion (b) Use functional notation to express the gross domestic product in 2012, and estimate that value. (Round the estimated value to two decimal places.) 2012 ✔) = $16.04 trillion (c) What is the average yearly rate of change in G from 2010 to 2014? (Round your answer to two decimal places.) $0.69 trillion (d) Use your answer from part (c) to predict the gross domestic product in the year 2024. (Round your answer to two decimal places.) $ 31.22 x trillion

Algebra and Trigonometry (6th Edition)
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ISBN:9780134463216
Author:Robert F. Blitzer
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ChapterP: Prerequisites: Fundamental Concepts Of Algebra
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Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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The following table shows the U.S. gross domestic product (GDP) G, in trillions of dollars, as a function of the year t.
t = Year
G = GDP
(trillions of dollars)
(a) Explain in practical terms what G(2014) means.
O The expression G(2014) is the year when the U.S. gross domestic product had a value of 11.87 trillion dollars.
2004
2010 2014
11.87 14.66 17.42
●The expression G(2014) is the U.S. gross domestic product in trillions of dollars in the year 2014.
The expression G(2014) is the gross domestic product in trillions of dollars, multiplied by 2014.
O The expression G(2014) is the average of G(2004) and G(2014).
Find G(2014).
$ 17.42
trillion
(b) Use functional notation to express the gross domestic product in 2012, and estimate that value. (Round the estimated value to two decimal places.)
2012
✔) = $16.04
trillion
(c) What is the average yearly rate of change in G from 2010 to 2014? (Round your answer to two decimal places.)
$0.69
trillion
(d) Use your answer from part (c) to predict the gross domestic product in the year 2024. (Round your answer to two decimal places.)
$ 31.22
x trillion
Transcribed Image Text:The following table shows the U.S. gross domestic product (GDP) G, in trillions of dollars, as a function of the year t. t = Year G = GDP (trillions of dollars) (a) Explain in practical terms what G(2014) means. O The expression G(2014) is the year when the U.S. gross domestic product had a value of 11.87 trillion dollars. 2004 2010 2014 11.87 14.66 17.42 ●The expression G(2014) is the U.S. gross domestic product in trillions of dollars in the year 2014. The expression G(2014) is the gross domestic product in trillions of dollars, multiplied by 2014. O The expression G(2014) is the average of G(2004) and G(2014). Find G(2014). $ 17.42 trillion (b) Use functional notation to express the gross domestic product in 2012, and estimate that value. (Round the estimated value to two decimal places.) 2012 ✔) = $16.04 trillion (c) What is the average yearly rate of change in G from 2010 to 2014? (Round your answer to two decimal places.) $0.69 trillion (d) Use your answer from part (c) to predict the gross domestic product in the year 2024. (Round your answer to two decimal places.) $ 31.22 x trillion
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