We use cookies to personalise content and advertisements and to analyse access to our website. Furthermore, our partners for online advertising receive pseudonymised information about your use of our website. cookie policy and privacy policy.
 
+0  
 
0
375
1
avatar

Q1. The equations R = 0.523(1.068)x and S = 0.664(1.055)x can be used to approximate the annual receipts R and spending S of a firm in trillions of dollars for the past two decades. The value x = 0 corresponds to the year 1980. Use these equations to predict the budget surplus in the year 2007.

 Apr 27, 2017
 #1
avatar+17774 
0

Starting with 1980 being year 0, 2007 will be year 27 (because 2007 - 1980 = 27).

Surplus is found by subtacting spending (S) from receipts (R).

 

You need to use a calculator to find these two values:  

               R  =  0.523(1.068)27         and        S  =  0.664(1.055)27

and subtract the value for S from the value for R.

 Apr 28, 2017

18 Online Users

avatar