52. Total personal income With U.S. Department of Com- merce data for selected years from 1960 and projected to 2018, the rate of change of U.S. total personal income can be modeled by dI = 12.59t - 51.74 dt billions of current dollars per year, where t = 0 represents 1960. (a) If U.S. total personal income was $8429.7 billion in 2000, find the function that models I(t). (b) What does I(t) predict for the U.S. total personal income in 2015?

52. Total personal income With U.S. Department of Com- merce data for selected years from 1960 and projected to 2018, the rate of change of U.S. total personal income can be modeled by dI = 12.59t - 51.74 dt billions of current dollars per year, where t = 0 represents 1960. (a) If U.S. total personal income was $8429.7 billion in 2000, find the function that models I(t). (b) What does I(t) predict for the U.S. total personal income in 2015?

College Algebra

1st Edition

ISBN:9781938168383

Author:Jay Abramson

Publisher:Jay Abramson

Chapter6: Exponential And Logarithmic Functions

Section6.7: Exponential And Logarithmic Models

Problem 16TI: Recent data suggests that, as of 2013, the rate of growth predicted by Moore’s Law no longer holds....

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