Gross Domestic Product The table on the next page gives the gross domestic product (the value of all goods and services, in billions of dollars) of the United States for selected years from 1970 to 2009.
a. Create a scatter plot of the data, with y representing the GDP in billions of dollars and x representing the number of years after 1970.
b. Find the linear function that best fits the data, with x equal to the number of years after 1970.
c. Graph the model with the scatter plot to see if the line is a good fit for the data.
Year | Gross Domestic Product |
1970 | 1038.3 |
1980 | 2788.1 |
1990 | 5800.5 |
2000 | 9951.5 |
2005 | 12,638.4 |
2007 | 14,061.8 |
2008 | 14,369.1 |
2009 | 14,119.0 |
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