The USPopulation Is Approximated by the Function Where P(t) Is

question 144

Multiple Choice

The U.S.population is approximated by the function where P(t) is measured in millions of people and t is measured in 30-year intervals, with t = 0 corresponding to 1930.What is the expected population of the United States in 2050 ( t = 4 ) ?

• A)616.6 millions
• B)398.6 millions
• C)401.6 millions
• D)404.0 millions

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Definitions:

Inflation

The speed at which the overall price level for goods and services increases, causing a decline in the value of money.

Deflation

A decrease in the general price level of goods and services in an economy over a period of time.

Cyclical Unemployment Rate

The component of overall unemployment that corresponds to the cyclical conditions of an economy, fluctuating with the business cycle.

Overall Unemployment Rate

The scope of unemployment in the labor force, focusing on those actively seeking employment.