The table shows U.S. gross domestic product (GDP) in billions of dollars for selected years from 2000

Question:

The table shows U.S. gross domestic product (GDP) in billions of dollars for selected years from 2000 to 2070 (actual and projected).

GDP Year Year GDP 9143 79,680 103,444 2000 2040 2045 2005 12,145 2050 2010 16,174 21,270 27,683 133,925 173,175 224,044

(a) Model these data with a cubic function g = g(t), where g is in billions of dollars and t represents the number of years past 2000. Report the model with three significant digit coefficients.
(b) Use the reported model to find the predicted instantaneous rate of change of the GDP in 2025.
(c) Interpret your answer to part (b).

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question
Question Posted: