Academic Integrity: tutoring, explanations, and feedback — we don’t complete graded work or submit on a student’s behalf.

The world\'s economy has been expanding. In the year 2001, the gross world produ

ID: 3214877 • Letter: T

Question

The world's economy has been expanding. In the year 2001, the gross world product (total output in goods and services) was 32. 4 trillion dollars and was increasing at 3. 6% a year. Assume this growth rate continues. Find a formula for the gross world product, W (in trillions of dollars), as a function of t , the number of years since the year 2001. W = What is the predicted gross world product in 2013 ? Round your answer to two decimal places. Predicted gross world product in 2013 is trillon dollars. the absolute tolerance is +/-0. 01

Explanation / Answer

W = 32.4*e^(0.036t) b) W = 49.9 trillion