The Graph Shows the Actual Percentage of U

question 59

Multiple Choice

The graph shows the actual percentage of U.S. households with a computer as a function of household income (the data points) and a logistic model of these data (the curve) . The logistic model is where is the household income in thousands of dollars. According to the model, what percentage of extremely wealthy households had computers?

• A) is close to .
• B) is close to .
• C) is close to .
• D) is close to .
• E) is close to .

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Definitions:

Investment

The expenditure on capital goods including buildings, machinery, and equipment, intended to enhance future production or yield future returns.

Net Exports

The difference between a country's total value of exports and its total value of imports over a specific time period.

GDP

Gross Domestic Product is the total valuation of all products and services generated inside a nation's boundaries during a certain time frame.

Sectors

Distinct subsets of the economy, categorized by the type of activity involved, such as the agriculture, manufacturing, or services sectors.