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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
Solution
www. uwlax.edu /faculty/huang/ macro notes/ch06.ppt

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  • 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