The Gross National Product (GNP) is the value of all goods and services produced in an economy, plus the value of the goods and services imported less the goods and services exported. During the period 1994-2004, the GNP of Canada grew about 4.8% per year measured in 2003 dollars. In 1994 the GNP was $5.9 billion

Answers

Answer 1

Answer:

The question supplied is incomplete. The complete question is shown below:

The Gross national product (GNP) is the value of all the goods and services produced in an economy, plus the value of goods and services imported, less the goods and services exported. During the period of 1994-2004, the GNP of Canada grew about 4.8% per year, measured in 2003 dollars. In 1994, the GNP was $5.9 billion. Assuming this rate continues, in what year with the GNP reach $10 billion?

Answer:

2006

Step-by-step explanation:

Every year, the new GNP will become (100 + 4.8)% of that of the previous year. That is 104.8%, and equivalent of 1.048.

Let P(y) be the GNP after a period of y years.

After y years, the equation for calculating A(y) becomes

A(y)=5.9*(1.048)^y

Since A(y) = 10

10=5.9*(1.048)^y

10/5.9 =(1.048)^y

1.695=(1.048)^y

ln⁡(1.695) = ln⁡(1.048)^y

ln⁡(1.695) = y ln⁡1.048

y=ln⁡1.695/ln⁡1.048

y=11.26 years

1994 + 12 = 2006

Canada’s GNP will reach $10 billion in the year 2006

Related Questions

Tony asked his class "to the nearest 10 min, how many min did you spend on homework last night?" how many students studied for 30 min or more?A.5 students B.8 students C.11 students. D.13 students
Draw a quadrilateral with only one set of parallel lines
List one way a parallelogram and a rhombus are different
If you run 2/3 mile how many sixths have I ran
A circular swimming pool is 21 feet in diameter. What is the circumferenceof the swimming pool? *

What is the lowest multiple of 7 that can go into both 6 and 5?

Answers

No multiple of 7 can go into either 6 or 5 .

The smallest multiple of 7 that's also a multiple of 5 and 6 is 210 .

Rick won 27 tickets playing a game. To get a prize, he needs to win at least 30 tickets. How many more tickets can he win to get a prize?

Answers

The number of tickets required by Rick to win the prize is given by the equation A = 3 tickets

What is an Equation?

Equations are mathematical statements with two algebraic expressions flanking the equals (=) sign on either side.

It demonstrates the equality of the relationship between the expressions printed on the left and right sides.

Coefficients, variables, operators, constants, terms, expressions, and the equal to sign are some of the components of an equation. The "=" sign and terms on both sides must always be present when writing an equation.

Given data ,

Let the number of tickets required by Rick to win the prize be A

Now , the equation will be

The initial number of tickets with Rick = 27 tickets

The total number of tickets to win the prize = 30 tickets

So , the remaining number of tickets A = total number of tickets to win the prize - initial number of tickets with Rick

Substituting the values in the equation , we get

The remaining number of tickets A = 30 - 27

The remaining number of tickets A = 3 tickets

Hence , the number of tickets required is 3 tickets

To learn more about equations click :

brainly.com/question/19297665

#SPJ5

Well, he has 27 tickets and he needs AT LEAST 30. 3 or more tickets.

Find each product. identify the two whole Numbers between which the product lies 5x7/10

Answers

5x7/10 solved is 35/10.

5x7/10 witch is 35/10

Solve:

r
5
- 6 = -1

Answers

that's right, 5- 6= -1

If this is your question: 5r - 6 = -1 then keep reading

1) Write the question.
5r - 6 = -1

2) Bring the -6 to the other side by doing the inverse, +6 to both sides
5r = 5

3) Divide both sides by 5, to get the value of r
r = 1

The above is the answer :)

Jalyen had 88 books Malta had 56 how many books are left?