When the US Federal government spends more money than it takes in, the amount of the difference
Question:
When the US Federal government spends more money than it takes in, the amount of the difference is called the deficit. In Figure 1.13, the function D = f(t) gives a good approximation of the deficit from 2011 to 2015, where D is the deficit in billions of dollars and t is the number of years since 2010.
(a) Is the deficit increasing or decreasing over this time period?
(b) Interpret f(4) = 485 in terms of the deficit.
(c) In Figure 1.13, label the axes and put a dot at the point identified in part (b).
(d) If we extended the domain of this function to include a vertical intercept, what would the vertical intercept represent?
(e) If we extended the domain of this function to include a horizontal intercept, what would the horizontal intercept represent?
Figure 1.13
Step by Step Answer:
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