Question: Look at the photo for reference. Examine Figure 1 , which depicts the US energy consumption from 1 9 8 0 on in quintillions of
Look at the photo for reference.
Examine Figure which depicts the US energy consumption from on in quintillions of Joules per year.
Figure : US energy consumption
a Propose a model structure that describes the dynamics of this growth.
b Draw the corresponding stocks and flows diagram.
c Write the equations of your model.
Hint: Stet
d Does your model reach an equilibrium? If so what is its value?
e Do you think that this model will be valid even in the notsodistant future? If yes, why? If not, why?
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