The Gross National Product (GNP) is the value of all the goods and services produced in an economy, plus the value of the goods and services imported, less the goods and services exported. During the period 1994-2004, the GNP of Canada grew about 4.8% per year, measured in 2003 dollars. In 1994, the GNP was $5.9 billion.

Assuming this rate of growth continues, what will the GNP of Canada be (in billions) in the year 2020?

A. $1.64
B. $11.43
C. $19.96
D. $20.92

  C. $19.96

Step-by-step explanation:

The growth factor for one year is 1+4.8% = 1.048. Then in 26 years, the growth factor is modeled to be 1.048^26 ≈ 3.3837.

  3.3837·$5.9 billion = $19.96 billion

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Measured in 2003 dollars.

Comment on the problem statement

We believe the problem statement has imports and exports reversed. Exports are produced in Canada, so are included in their GNP. Imports are deducted from the GNP.

1. sometimes

2.   never

3   .08c = 7.50+.05c   250 pages

step-by-step explanation:

1.   sometimes

the theoretical probability of rolling a 1 is 1/6.   perhaps you got really lucky and never rolled a 1   in those 60 times.   your experimental probability is 0.   or perhaps you rolled a 1   20 times.   your experimental probability is 20/60 is 1/3.     it really just depends on how you rolled in that experiment.

2.   never

the probability of the event occurring is 1.   that is being 100 % sure it will happen.   that is the maximum amount of confidence we have.

3.   no customer card cost:   .08 times number of pages

customer card cost:   7.50 + .05 times number of pages

we want to find when it costs the same amount, so we will set these equal

let c = number of pages

.08c = 7.50+.05c

subtract .05c from each side

.08c-.05c = 7.5+.05c-.05c

.03c=7.5

divide each side by .03

.03c/.03 = 7.5/03

c =250  

the cost is the same at 250 pages

8

step-by-step explanation: