Question

Asked Sep 26, 2019

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An economist has determined that a certain country's gross domestic product (GDP) is approximated by the following function where *f*(*x*) is measured in billions of dollars and *x* is the capital outlay in billions of dollars.

Use differentials to estimate the change in the country's GDP if the country's capital expenditure changes from $254 billion to $259 billion. (Round your answer to two decimal places.)

Step 1

The change in country GDP can be obtained as follows.

Step 2

Here *x* = 254. Th...

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