The table shows U.S. gross domestic product (GDP) in billions of dollars for selected years from 2000
Question:
Assume the GDP can be modeled with the function
G(t) = 212.9(0.2t + 5)3 - 5016(0.2t + 5)2 + 8810.4t + 104,072
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 2005 and 2015.
(b) Use the data in the table to find the average rate of change of the GDP from 2005 to 2015.
(c) How well does your answer from part (b) approximate the instantaneous rate of change of GDP in 2010?
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Related Book For
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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