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Gross domestic product The table shows U.S. gross domestic product (GDP) in billions of dollars for selected years from 2000 to 2070 (actual and projected).
Year | GDP | Year | GDP |
2000 | 9143 | 2040 | 79,680 |
2005 | 12,145 | 2045 | 103,444 |
2010 | 16,174 | 2050 | 133,925 |
2015 | 21,270 | 2055 | 173,175 |
2020 | 27,683 | 2060 | 224,044 |
2025 | 35,919 | 2065 | 290,042 |
2030 | 46,765 | 2070 | 375,219 |
2035 | 61,100 |
Source: Social Security Administration Trustees Report
Assume that the GDP can be modeled with the function
(a) Use the model to find and interpret the instantaneous rates of change of the GDP in 2015 and 2025.
(b) Use the data in the table to find the average rate of change of the GDP from 2015 to 2025.
(c) How well does your answer from part (b) approximate the instantaneous rate of change of GDP in 2020?
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Chapter 9 Solutions
WebAssign Printed Access Card for Harshbarger/Reynolds' Mathematical Applications for the Management, Life, and Social Sciences, 12th Edition, Multi-Term
- Find area of the secarrow_forwardConsider the linear system whose augmented matrix is [1 1 1 1 1] 1 2 3 4 5 Identify which variables are basic and which variables are free, and then give the general solution of this system by expressing the basic variables in terms of the free variables. Show all of your work.arrow_forward-0-3-0-8 10 = = 5 Determine if w can be written as a linear combination of V1, V2, and v3. Show all of your work and justify your conclusions.arrow_forward
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