Modeling Gross domestic productThe table shows U.

Modeling Gross domestic product

Don't use plagiarized sources. Get Your Custom Essay on
Modeling Gross domestic productThe table shows U.
Just from $13/Page
Order Essay

The table shows U.S. gross domestic product (GDP) in billions of dollars for selected years from 2000 to 2070 (actual and projected).

Year

GDP

Year

GDP

2000

9143

2040

79,680

2005

12,145

2045

103,444

2010

16,174

2050

133,925

2015

21,270

2055

173,175

2020

27,683

2060

224,044

2025

35,919

2065

290,042

2030

46,765

2070

375,219

2035

61,100

(a) Model these data with a cubic function g = g(t), where g is in billions of dollars and t represents the number of years past 2000.

(b) Use the model to find the predicted instantaneous rate of change of the GDP in 2015.

(c) Interpret your answer to part (b).