Question
7. According to a simplified economic model, the purchasing power of 1 dollar in the
2000t is equal to
уear
P(t) 0.68(1.04)
dollars. Calculate the rate of change of purchasing power in the year 2020 as predicted
by this model
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Transcribed Image Text

7. According to a simplified economic model, the purchasing power of 1 dollar in the 2000t is equal to уear P(t) 0.68(1.04) dollars. Calculate the rate of change of purchasing power in the year 2020 as predicted by this model

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