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

Question

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

Quizplus · Accepted Answer

The Answer of 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

Total Personal Income in the United States (In Billions of Dollars)