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The gross domestic product (GDP; in trillions of dollars_ for Country _ and Country can be approximated as follows where x = 60 corresponds the year 1960. Country _...

Question

The gross domestic product (GDP; in trillions of dollars_ for Country _ and Country can be approximated as follows where x = 60 corresponds the year 1960. Country _ f(x) = 00014(1.104)* Country B: g(x) 0249(1.641)* Find the projected GDP in 2014 and 2029 for Country A Which of the following describes how to find the projected GDP in 2014 using the given information? Select the correct choice below and fill in the answer box to complete your choice (Type an integer decimal:) To find the projected

The gross domestic product (GDP; in trillions of dollars_ for Country _ and Country can be approximated as follows where x = 60 corresponds the year 1960. Country _ f(x) = 00014(1.104)* Country B: g(x) 0249(1.641)* Find the projected GDP in 2014 and 2029 for Country A Which of the following describes how to find the projected GDP in 2014 using the given information? Select the correct choice below and fill in the answer box to complete your choice (Type an integer decimal:) To find the projected CDP in 2014, find the intersection point of the graphs 0.00014(1.104)* ad y = The projected GDP in 2014 represented by the y-coordinate. To find the projected GDP in 2014 , substitute Tor * and evaluate find f(x) . In 2014 the projected GDP is about tillion (Type an integer decimal rounded tne neares tenth as needed ) Which of the following describes how to find the projected GDP in 2029 using the given information? Select the correct choice below and fill the answer box complete your choice (Type an integer or decimal;) To find projected GDP in 2029, find the intersection point of the graphs 00014(1.104)* andy = The projected GDP in 2029 represented by the y-coordinate To find projected GDP in 2029, substitute and evaluale lind (x): In 2029 (he projected GDP about $ tillion. (Type an integer decimal rounded t0 the nearest Ienlh as needed )



Answers

Gross Domestic Product (GDP) is the market value of all final goods and services produced within a country during a given time period. The following fifthdegree polynomial approximates the per capita GDP (the average GDP per person) for the United States for the years 1933 to 1950 $g(x)=0.294 x^{5}-12.2 x^{4}+169 x^{3}-912 x^{2}+2025 x+4508$ where $g(x)$ is in 1996 dollars and $x$ is the number of ycars since $1933 .$ Note that when dollar amounts are measured over time, they are converted to the dollar value for a specific base year. In this case, the base ycar is $1996 .$ (Source: Economic History Scrvices) (a) Use this model to calculate the per capita GDP (in 1996 dollars) for the years $1934,1942,$ and 1949 What do you observe? (b) Explain why this model may not be suitable for predicting the per capita GDP for the year 20024 (c) Use your graphing utility to find the year(s), during the period $1933-1950$, when the GDP reached a local maximum.


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