Total personal income in the United States (in billions of dollars) for selected years from 1960 to 2002 is given in the following table. 
Source: Bureau of Economic Analysis, U.S. Department of Commerce
These data can be modeled by an exponential function. Write the equation of this function, with x as the number of years past 1960. If this model is accurate, what will be the total U.S. personal income in 2010? Round your answer to two decimal places.
A) $13,899.68 billions
B) $15,216.17 billions
C) $17,199.23 billions
D) $18,464.37 billions
E) $20,698.13 billions
Correct Answer:
Verified
Q19: Use a calculator to evaluate the expression.
Q20: Graph the function. Q21: Solve for x by writing the equation Q22: Use properties of logarithms or a definition Q23: The following table gives the average number Q25: The consumer price index (CPI) is calculated Q26: Total personal income in the United States Q27: Use properties of logarithms or a definition Q28: The consumer price index (CPI) is calculated Q29: Write the equation in logarithmic form. ![]()
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents