Problem

The gross domestic product (GDP) of a certain country, which measures the overall size of the economy in billions of dollars, can be approximated by the function g(y)=560y+8853, where y=10 corresponds to the year 2010. Estimate the GDP (to the nearest billion dollars) in the given years.
(a) 2002
(b) 2010
(c) 2015
(a) What value of y corresponds to the year 2002?
y=2
(Type a whole number.)
The GDP in 2002 is about $9,973 billion.
(b) What value of y corresponds to the year 2010?
y=10
(Type a whole number.)
The GDP in 2010 is about $14,453 billion.
(c) What value of y corresponds to the year 2015?
y=15
(Type a whole number.)
The GDP in 2015 is about $18,230 billion.
example Get more help -
Clear all
Final check

Answer

Expert–verified
Hide Steps
Answer

Final Answer: The GDP in 2002 is about 9,973 billion dollars. The GDP in 2010 is about 14,453 billion dollars. The GDP in 2015 is about 17,253 billion dollars.

Steps

Step 1 :First, we need to find the corresponding y values for the years 2002, 2010, and 2015. Since y=10 corresponds to the year 2010, we can calculate the y values for the other years as follows: y2002=2, y2010=10, and y2015=15.

Step 2 :Next, we substitute these y values into the function g(y)=560y+8853 to calculate the GDP for each year.

Step 3 :For the year 2002, we substitute y=2 into the function to get g(2)=5602+8853=9973. So, the GDP in 2002 is about $9,973 billion.

Step 4 :For the year 2010, we substitute y=10 into the function to get g(10)=56010+8853=14453. So, the GDP in 2010 is about $14,453 billion.

Step 5 :For the year 2015, we substitute y=15 into the function to get g(15)=56015+8853=17253. So, the GDP in 2015 is about $17,253 billion.

Step 6 :Final Answer: The GDP in 2002 is about 9,973 billion dollars. The GDP in 2010 is about 14,453 billion dollars. The GDP in 2015 is about 17,253 billion dollars.

link_gpt