Question:

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

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