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The expression 11(1.022)^t11(1.022)

models the per capita gross domestic product (GDP) of the US, in thousands of dollars, as a function of the number of years since 195019501950.

What does 1.022 represent in this equation

User XUE Can
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2 Answers

5 votes

Answer:

The per capita GDP in the US is multiplied by approximately 1.0221.0221, point, 022 each year.

Explanation:

User Miro Marchi
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1 vote

Answer: growth factor = 1.022

Explanation:

The expression 11(1.022)^t is an exponential expression where the rate of increase is 2.2%

What 1.022 represent in this equation is the growth factor of per capita gross domestic product (GDP) of the US

User Xgretsch
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7.7k points
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