Question: For parts a and b, the variable C represents the consumption of products in Country A in billions of dollars, and D represents disposable income
For parts a and b, the variable C represents the consumption of products in Country A in billions of dollars, and D represents disposable income in Country A in billions of dollars. Suppose economists use the following equation as a model of Country A's economy.
C = 0.5873D+5.9274
a)
Solve the equation for D.
b)
Use this result to determine the disposable income D if the consumption C is
$9.69
billion.
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Part 1
a)
Solve the equation for D.
D= _____
(Use integers or decimals for any numbers in the expression. Simplify your answer.)
Part 2
b)
Use this result to determine the disposable income D if the consumption C is $9.69 billion.
$_____ billion
(Simplify your answer. Round the final answer to one decimal place as needed. Round all intermediate values to four decimal places as needed.)
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