Suppose That the Population (In Millions) of a Egypt in 2007

question 16

Multiple Choice

Suppose that the population (in millions) of a Egypt in 2007 is 80.3 and that expected continuous annual rate of change of the population is 0.017. The exponential growth model for the population by letting corresponds to 2000 is . Use the model to predict the population of the country in 2013. Round your answer to two decimal places.

• A) 83.08 million
• B) 87.42 million
• C) 90.45 million
• D) 88.92 million
• E) 81.68 million

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Definitions:

Discount Rate

The interest rate charged to commercial banks and other depository institutions for loans received from the Federal Reserve's discount window.

Minting Coins

The process of manufacturing coins as a form of currency, typically by a government or authorized agency.

Interest Payments

Cash outflows from borrowers to lenders as compensation for the use of borrowed money.

Expansionary Policy

is a macroeconomic policy that aims to increase economic growth or reduce unemployment by increasing government spending, decreasing taxes, or both.