The developing economies' share of the global gross domestic product (GDP) from 2003 and projected to 2017

Question:

The developing economies' share of the global gross domestic product (GDP) from 2003 and projected to 2017 is shown in the following table.

(a) Find the quadratic function that best models the developing economies' share of the global GDP as a function of the number of years after 2000.

(b) Use technology to find the maximum share of GDP that the developing economies can achieve, according to this model.

Share Share (% of GDP) Year (% of GDP) Year 2003 20 2011 35 2004 22 2012 38 2005 23 2013 39 2006 27 2014 40 2007 28 2015

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Mathematical Applications for the Management Life and Social Sciences

ISBN: 978-1305108042

11th edition

Authors: Ronald J. Harshbarger, James J. Reynolds

See More Books

Question Posted: Feb 09, 2018 04:48 AM

See More Questions

The following data represent health care expenditures as a percentage of the U.S. gross domestic product (GDP) from 2001 to 2009. Gross domestic product is the total value of all goods and services...
The gross domestic product (GDP) is an important measure of the overall economic strength of a country. GDP per capita makes comparisons between different size countries more meaningful. A researcher...
The data from Exercise 4.66 for percentage of gross domestic product (GDP) spent on health care and life expectancy, in years, for selected countries are on the WeissStats CD. Do the required parts...
For the manipulator shown, find the twist coordinates f; at zero con- figuration and 9st (0) using the product of exponentials approach. Use the base and tool frames shown. (b) (10 points) Find efi0i...
The intensity at the threshold of hearing for the human ear at a frequency of about 1000 Hz is lo = 1.0 X 10-12 W/m2, for which B, the sound level, is 0dB. The threshold of pain at the same frequency...
The magnetic field B at the center of a circular coil of wire carrying a current l (as in Fig, 20-9) is Where N is the number of loops in the coil and r is its radius. Suppose that an electromagnet...
We will see in Chapter 8 that the pressure drop in fully developed pipe flow is sometimes computed with the aid of a friction factor, defined by \[ f=\frac{\Delta p}{\frac{1}{2} ho V^{2}}...
The All Cuts Barber Shop employs four barbers. One barber, who also serves as the manager, is paid a salary of $3,900 per month. The other barbers are paid $1,900 per month. In addition, each barber...
Discuss the principles of fluid instabilities and flow instability mechanisms, including Rayleigh-Taylor instability, Kelvin-Helmholtz instability, and Richtmyer- Meshkov instability, and their role...
Cummings Inc. had the following reconciliation at December 31, 2014: Fair value of plan assets ............ $5,000 PBO .................... 4,200 Funded status ................ $ 800 AOCIprior...
The table gives the wind chill temperature when the outside temperature is 20°F. (a) Use x as the wind speed and create a quadratic model for these data. (b) At what wind speed does the model...
The table gives the gross domestic product (GDP), in billions of dollars, of the United States for selected years from 2000 and projected to 2070. (a) Create a scatter plot of the data, with y...
Using Social Security Administration data for selected years from 2012 and projected to 2050, the U.S. consumer price index (CPI) can be described by the equation C = 0.068t 2 + 1.8t + 96 where t is...
Define a non-controllable cost. (Section 23.3 .2) Data from section 23.3.2 In planning how to report, the general principles applied will be those of respons- ibility and the separation of...
European countries have relied to a much greater extent on emissions charges than has the United States, which seems to be moving toward a greater reliance on cap-and-trade. From an efficiency point...
Is the establishment of the 200-mile limit a sufficient form of government intervention to ensure that the tragedy of the commons does not occur for fisheries within the 200-mile limit? Why or why...
The efficient regulation of hazardous pollutants should take exposure into accountthe more persons exposed to a given pollutant concentration, the larger is the damage caused by it and therefore the...
With discounting it is possible for the efficient fish population to fall below the level required to produce the maximum sustained yield. Does this violate the sustainability criterion? Why or why...
Handley Grocery Corporation reported the following information in its comparative financial statements for the fiscal year ended January 31, 2018: Requirements 1. Compute the net profit margin ratio...
Write an SQL statement to display all data on products having a QuantityOnHand greater than 0.
Differentiate the functions in Problem. s(t) = 5t - 3(2t 4 + 7) 3
In Problem, determine whether each function is continuous or discontinuous at the given x-value. Examine the three conditions in the definition of continuity. x - 3 if x < 2 f(x) x = 2 4x 7 7 if x>...
Find the derivatives of the functions in Problem. Simplify and express the answer using positive exponents only. y = (x 2 - 2)(x + 4)
2 If tan 08, sin 0 <0, find the exact value of each of the following for 00 <2x (a) sin (20) 0 (b) cos (20) (c) sin 2 (d) cos 2 (a) sin (20)= (Type an exact answer, using radicals as needed.) (b) cos...
Suppose you invest 52%, 28%, and 20% of your wealth into a stock, the market, and a risk-free asset, respectively. The beta of the stock is 1.1. What is the beta of the portfolio?
An investment of $21745, earning compound interest, grows by $2278 in one year. At this rate of growth, how long will it take for the original investment to double?

The developing economies' share of the global gross domestic product (GDP) from 2003 and projected to 2017

Question:

Share Share (% of GDP) Year (% of GDP) Year 2003 20 2011 35 2004 22 2012 38 2005 23 2013 39 2006 27 2014 40 2007 28 2015 41 2008 31 2016 42 2009 31 2017 43 2010 33

Step by Step Answer:

a y 00472x 2 264x 121 b A maximum occ...View the full answer

Mathematical Applications for the Management Life and Social Sciences

Students also viewed these Calculus questions