Step 1 :The exponential function \(f(x)=540(1.032)^{x}\) models the population of a country, \(f(x)\), in millions, \(x\) years after 1968.
Step 2 :We are asked to find the country's population in 1968, which corresponds to \(x=0\) in the function.
Step 3 :Substituting \(x=0\) into the function, we get \(f(0)=540(1.032)^{0}\).
Step 4 :Since any number raised to the power of 0 is 1, the population in 1968 is \(540*1=540\) million.
Step 5 :\(\boxed{540}\) million is the final answer.