Total Personal Income in the United States (In Billions of Dollars)

question 18

Multiple Choice

Total personal income in the United States (in billions of dollars) for selected years from 1960 to 2002 is given in the following table. ​ Source: Bureau of Economic Analysis, U.S. Department of Commerce
These data can be modeled by an exponential function. Write the equation of this function, with x as the number of years past 1960. If it's necessary round your calculations to four decimal places.
​

---

Definitions:

Retailer

A business entity that sells goods directly to consumers, typically purchasing products from wholesalers or manufacturers.

Current Ratio

A liquidity ratio that measures a company's ability to pay short-term obligations, calculated as current assets divided by current liabilities.

Marketable Securities

Financial instruments or assets that can be easily converted into cash, typically including stocks and bonds.

Common Stock

A type of security that represents ownership in a corporation, with holders having a claim on the company's profits in the form of dividends.