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U.S. Exports to China U.S. exports to China have grown
Chapter , Problem 57A(choose chapter or problem)
U.S. Exports to China U.S. exports to China have grown (although at a slower rate than imports) since 2001. In 2001, about 19.1 billion dollars of goods were exported to China. By 2008, this amount had grown to 69.7 billion dollars. Write a linear equation describing the number of exports each year, with t = 1 representing 2001 and t = 8 representing 2008.Source: TradeStats Express™.
Questions & Answers
QUESTION:
U.S. Exports to China U.S. exports to China have grown (although at a slower rate than imports) since 2001. In 2001, about 19.1 billion dollars of goods were exported to China. By 2008, this amount had grown to 69.7 billion dollars. Write a linear equation describing the number of exports each year, with t = 1 representing 2001 and t = 8 representing 2008.Source: TradeStats Express™.
ANSWER:SolutionStep 1 of 2In this problem, using the given data from the problem, we need to determine the equation which describes the growth of import from china over the yearsGiven data and when where y indicates revenue in dollars and t corresponds to years(2001 is taken to be 1, 2008 is taken to be 8)