muing and saving after taxes have been paid and is one gauge for the state of the economy. Using U.S. Energy Administration data for selected years from 2010 and projected to 2040, the total U.S. disposable income, in billions, can be modeled by D(t) = 10,020e0.02292t where t is the number of years past 2010. In what year is disposable income predicted to be $17 trillion (that is, $17,000 billion)?

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter4: Linear Functions
Section4.3: Fitting Linear Models To Data
Problem 22SE: The U.S. Census tracks the percentage of persons 25 years or older who are college graduates. That...
icon
Related questions
Question
Disposable income is the amount available for spending and saving after taxes have been paid and is one gauge for the state of the economy.
Using U.S. Energy Administration data for selected years from 2010 and projected to 2040, the total U.S. disposable income, in billions, can be
modeled by
D(t) = 10,020e0.02292t
where t is the number of years past 2010. In what year is disposable income predicted to be $17 trillion (that is, $17,000 billion)?
Need Help? Read It
10
Transcribed Image Text:Disposable income is the amount available for spending and saving after taxes have been paid and is one gauge for the state of the economy. Using U.S. Energy Administration data for selected years from 2010 and projected to 2040, the total U.S. disposable income, in billions, can be modeled by D(t) = 10,020e0.02292t where t is the number of years past 2010. In what year is disposable income predicted to be $17 trillion (that is, $17,000 billion)? Need Help? Read It 10
Expert Solution
steps

Step by step

Solved in 3 steps with 1 images

Blurred answer
Similar questions
Recommended textbooks for you
College Algebra
College Algebra
Algebra
ISBN:
9781938168383
Author:
Jay Abramson
Publisher:
OpenStax
Intermediate Algebra
Intermediate Algebra
Algebra
ISBN:
9780998625720
Author:
Lynn Marecek
Publisher:
OpenStax College
Algebra & Trigonometry with Analytic Geometry
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage