The developing economies' share of the global gross domestic product (GDP) from 2003 and projected to 2017

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The developing economies' share of the global gross domestic product (GDP) from 2003 and projected to 2017 is shown in the following table.

(a) Find the quadratic function that best models the developing economies' share of the global GDP as a function of the number of years after 2000.

(b) Use technology to find the maximum share of GDP that the developing economies can achieve, according to this model.

Share Share (% of GDP) Year (% of GDP) Year 2003 20 2011 35 2004 22 2012 38 2005 23 2013 39 2006 27 2014 40 2007 28 2015

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Mathematical Applications for the Management Life and Social Sciences

ISBN: 978-1305108042

11th edition

Authors: Ronald J. Harshbarger, James J. Reynolds

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Question Posted: Feb 09, 2018 04:48 AM

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The developing economies' share of the global gross domestic product (GDP) from 2003 and projected to 2017

Question:

Share Share (% of GDP) Year (% of GDP) Year 2003 20 2011 35 2004 22 2012 38 2005 23 2013 39 2006 27 2014 40 2007 28 2015 41 2008 31 2016 42 2009 31 2017 43 2010 33

Step by Step Answer:

a y 00472x 2 264x 121 b A maximum occ...View the full answer

Mathematical Applications for the Management Life and Social Sciences

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