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What is an Increasing Lineardecreasing Linearpositive Quadraticnegative Quadraticexponential Growthand an Exponential Decay Form

What is an Increasing Lineardecreasing Linearpositive Quadraticnegative Quadraticexponential Growthand an Exponential Decay Form

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the GDP of a country is shrinking by 1.9 percent per year the GDP is 750 billion dollars in 2020. what function models the gdpa in billions of dollars T years after 2020. whenever something is shrinking or growing by a constant percentage we have exponential decay or exponential growth in this case because the GDP is shrinking by 1.9 percent per year we have exponential decay and therefore a of T is equal to a sub zero the starting GDP times the quantity one minus r sub D where R sub D is the Decay rate expressed as a decimal raised to the power of T looking at our choices the correct answer is d a of T equals 750 times the quantity one minus 0.019 raised to the power of T notice 0.019 is the decimal form of 1.9 percent

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