The table shows U.S. gross domestic product (GDP) in billions of dollars for selected years from 2000
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The table shows U.S. gross domestic product (GDP) in billions of dollars for selected years from 2000 to 2070 (actual and projected).
Assume that the GDP can be modeled with the function
G(t) = 213(0.2t + 5)3 - 5020(0.2t + 5)2 + 8810t + 104,000
where G(t) is in billions of dollars and t is the number of years past 2000.
(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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Related Book For
Mathematical Applications For The Management, Life And Social Sciences
ISBN: 9781337625340
12th Edition
Authors: Ronald J. Harshbarger, James J. Reynolds
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