In March 1976 the world population reached 4 billion. At that time, a popular news magazine predicted that with an average yearly growth rate of 1.8%, the world population would be 8 billion in 45 years. How does this value compare with the value predicted by the model that assumes that the rate of increase in population is proportional to the population present at time t?

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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In March 1976 the world population reached 4 billion. At that time, a popular news magazine
predicted that with an average yearly growth rate of 1.8%, the world population would be 8
billion in 45 years. How does this value compare with the value predicted by the model that
assumes that the rate of increase in population is proportional to the population present at time
t?
Transcribed Image Text:In March 1976 the world population reached 4 billion. At that time, a popular news magazine predicted that with an average yearly growth rate of 1.8%, the world population would be 8 billion in 45 years. How does this value compare with the value predicted by the model that assumes that the rate of increase in population is proportional to the population present at time t?
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