Concept explainers
Disposable income per capita Disposable income, the amount left after taxes have been paid, is one measure of the health of the economy. Using U.S. Energy information administration data for selected years from 2015 and projected to 2040, the U.S. real disposable income per capita (in dollars) can be approximated by the equation
I = 707.6t + 39,090
Where t is the number of years after 2015.
What t-value corresponds to 2023?
Find the predicted U.S. per capita real disposable income (to the nearest
$10) in 2023.
In what year is the U.S. per capita real disposable income expected to exceed $55,000?
Trending nowThis is a popular solution!
Chapter 1 Solutions
WebAssign with Corequisite Support for Harshbarger/Reynolds/Karr/Massey's Mathematical Applications for the Management, Life, and Social Sciences, 12th Edition [Instant Access], Single-Term
- Explain why the values of an increasing exponentialfunction will eventually overtake the valuesof anincreasing linear function.arrow_forwardHeart Disease In a certain country, the number of deaths due to heart disease decreased from 235 in one year to 221 in the next year. What percentage decrease in deaths due to heart disease does this represent?arrow_forwardDoes a linear, exponential, or logarithmic model best fit the data in Table 2? Find the model.arrow_forward
- Glencoe Algebra 1, Student Edition, 9780079039897...AlgebraISBN:9780079039897Author:CarterPublisher:McGraw HillHolt Mcdougal Larson Pre-algebra: Student Edition...AlgebraISBN:9780547587776Author:HOLT MCDOUGALPublisher:HOLT MCDOUGALFunctions and Change: A Modeling Approach to Coll...AlgebraISBN:9781337111348Author:Bruce Crauder, Benny Evans, Alan NoellPublisher:Cengage Learning
- College Algebra (MindTap Course List)AlgebraISBN:9781305652231Author:R. David Gustafson, Jeff HughesPublisher:Cengage LearningBig Ideas Math A Bridge To Success Algebra 1: Stu...AlgebraISBN:9781680331141Author:HOUGHTON MIFFLIN HARCOURTPublisher:Houghton Mifflin Harcourt