(a) Does the data on Cambodia's GDP per capita in the table correspond approximately to a linear function, an exponential function, or neither? 2011 782.7 824.8 Year 2010 2012 2013 2014 2015 GDP/capita ($/person) 870.5 920.3 969.3 1020.9 The data approximately corresponds to Choose one ▼ (b) Find a formula to approximate G, the GDP per capita in dollars/person, as a function of time, t, in years since 2010. NOTE: Round your estimated coefficients to 3 decimal places. We have G(t) 2 (c) What is the approximate annual percent increase in per capita GDP? NOTE: Give your answer to 1 decimal place. GDP is increasing at approximately % per year.

(a) Does the data on Cambodia's GDP per capita in the table correspond approximately to a linear function, an exponential function, or neither? 2011 782.7 824.8 Year 2010 2012 2013 2014 2015 GDP/capita ($/person) 870.5 920.3 969.3 1020.9 The data approximately corresponds to Choose one ▼ (b) Find a formula to approximate G, the GDP per capita in dollars/person, as a function of time, t, in years since 2010. NOTE: Round your estimated coefficients to 3 decimal places. We have G(t) 2 (c) What is the approximate annual percent increase in per capita GDP? NOTE: Give your answer to 1 decimal place. GDP is increasing at approximately % per year.

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Chapter5: Business And Economic Forecasting

Section: Chapter Questions

Problem 1.4CE

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