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The gross domestic product, G, of Switzerland was 310 billion dollars in 2007. Give a formula...

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Question

Basic Math

The gross domestic product, G, of Switzerland was 310 billiondollars in 2007. Give a formula for G (in billions of dollars) tyears after 2007 if G increases by

a. 3% per year

b. 8 billion dollars per year.

Suppose that (a) holds. Determine the year when Switzerland'sGDP reaches 410 billion dollars.

Answer & Explanation Solved by verified expert
4.4 Ratings (626 Votes)
a Initial value of G 310 billion dollarsRate of increase r 3 003ThereforeFormula for G t years    See Answer
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