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22 November, 08:46

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

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  1. 22 November, 09:01
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    Answer: growth factor = 1.022

    Step-by-step 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
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