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The Total personal ncome of the country (n bllons of dollars) for sele.docx
The Total personal ncome of the country (n bllons of dollars) for sele.docx
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The Total personal ncome of the country (n bllons of dollars) for sele.docx

  1. The Total personal ncome of the country (n bllons of dollars) for selected years from 1959 to 2004 s gven n the table below. a) These data can be modeled by an exponental functon. Wrte the equaton of ths functon, wth x as number of years After 1959. Y=? b) f ths model s accurate, what wll be the countrys total personal ncome n 2009? $? C) n what year does the model predct the total personal ncome wll reach $23 Trllon? Year? ____ Year ---- Personal ncome 1959----410.3 1969----838.7 1979----2309.5 1989----4878.2 1999----8423.2 2004----10232.5
  2. Solution www. uwlax.edu /faculty/huang/ macro notes/ch06.ppt
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