The gross domestic product (GDP) of a certain country was $500 billion at the beginning of the
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The gross domestic product (GDP) of a certain country was $500 billion at the beginning of the year 2005 and increases at the rate of 2.7% per year.
a. Express the GDP of this country as a function of the number of years t after 2005.
b. What does this formula predict the GDP of the country will be at the beginning of the year 2015?
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a Since the GDP increases at a rate o...View the full answer
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Related Book For 
Calculus For Business, Economics And The Social And Life Sciences
ISBN: 9780073532387
11th Brief Edition
Authors: Laurence Hoffmann, Gerald Bradley, David Sobecki, Michael Price
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