The world\'s economy has been expanding. In the year 2001, the gross world produ
ID: 3214877 • Letter: T
Question
The world's economy has been expanding. In the year 2001, the gross world product (total output in goods and services) was 32. 4 trillion dollars and was increasing at 3. 6% a year. Assume this growth rate continues. Find a formula for the gross world product, W (in trillions of dollars), as a function of t , the number of years since the year 2001. W = What is the predicted gross world product in 2013 ? Round your answer to two decimal places. Predicted gross world product in 2013 is trillon dollars. the absolute tolerance is +/-0. 01Explanation / Answer
W = 32.4*e^(0.036t) b) W = 49.9 trillion
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