The gross world product is W = 74.31(1.029) t , where W is in trillions of dollars

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The gross world product is W = 74.31(1.029)^t, where W is in trillions of dollars and t is years since 2013. Find a formula for gross world product using a continuous growth rate.

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Applied Calculus

ISBN: 9781119275565

6th Edition

Authors: Deborah Hughes Hallett, Patti Frazer Lock, Andrew M. Gleason, Daniel E. Flath, Sheldon P. Gordon, David O. Lomen, David Lovelock, William G. McCallum, Brad G. Osgood, Andrew Pasquale

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Question Posted: Apr 10, 2023 10:28 PM

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The gross world product is W = 74.31(1.029) t , where W is in trillions of dollars

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We find k with e kr 1029 t We have e k 1029 so k ...View the full answer

Applied Calculus

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