Year GDP ($ billions) Year GDP ($ billions) 2000 9951.5 2012 15,684.8 2005 12,638.4 2013 16,202.7 2007 14,061.8 2014 17,011.4 2008 14,369.1 2015 17,936.1 2009 14,119.0 2016 18,934.2 2010 14,498.9 2017 19,980.0 2011 15,075.7 2018 21,024.8

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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Gross Domestic Product The following table gives
the gross domestic product (the value of all goods
and services, in billions of dollars) of the United
States for selected years from 2000 to 2018.
a. Create a scatter plot of the data, with y representing the GDP in billions of dollars and x representing the number of years after 2000.
b. Find the linear function that best fits the data, with
x equal to the number of years after 2000. Report
the model with three significant digits.
c. Graph the model with the scatter plot to see if the
line is an excellent fit for the data.

Year
GDP ($ billions)
Year
GDP ($ billions)
2000
9951.5
2012
15,684.8
2005
12,638.4
2013
16,202.7
2007
14,061.8
2014
17,011.4
2008
14,369.1
2015
17,936.1
2009
14,119.0
2016
18,934.2
2010
14,498.9
2017
19,980.0
2011
15,075.7
2018
21,024.8
Transcribed Image Text:Year GDP ($ billions) Year GDP ($ billions) 2000 9951.5 2012 15,684.8 2005 12,638.4 2013 16,202.7 2007 14,061.8 2014 17,011.4 2008 14,369.1 2015 17,936.1 2009 14,119.0 2016 18,934.2 2010 14,498.9 2017 19,980.0 2011 15,075.7 2018 21,024.8
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