Total personal income of the country in billions of dollars

Last updated: 6/29/2023

Total personal income of the country in billions of dollars for selected years from 1960 to 2005 is given in the table a These data can be modeled by an exponential function Write the equation of this function with x as the number of years after 1960 b If this model is accurate what will be the country s total personal income in 2010 c In what year does the model predict the total personal income will reach 21 trillion Year 1960 1970 1980 1990 2000 2005 Personal Income 413 6 833 4 2310 4 4875 6 8424 7 10 230 6