Choose the One Alternative That Best Completes the Statement or Answers

question 164

Multiple Choice

Choose the one alternative that best completes the statement or answers the question.
-The value of a particular investment follows a pattern of exponential growth. In the year 2000, you invested money in a money market account. The value of your investment t years after 2000 is given by the exponential
) When will the account be worth $1,856? $$\text { growth model } \mathrm { A } = 1,400 \mathrm { e } ^ { 0.047 \mathrm { t } }$$

• A) 2006
• B) 2005
• C) 2007
• D) 2008

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Definitions:

Goods and Services

The outputs produced by the economy, where goods are tangible objects and services are intangible offerings that satisfy consumer needs or wants.

Real GDP

The measure of a country's economic output adjusted for price changes (inflation or deflation), reflecting the true value of goods and services produced over a specific period.

GDP

Gross Domestic Product, the total monetary value of all goods and services produced within a country's borders in a specific time period, used as a broad measure of economic activity.

Per Capita GDP

The gross domestic product of a country divided by its population, giving an average economic output per person.