document.write( "Question 1040933: The Gross national product (GNP) is the value of all the goods and services produced in an economy, plus the value of goods and services imported, less the goods and services exported. During the period of 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 continues, in what year with the GNP reach $10 trillion? \n" ); document.write( "

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During the period of 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 continues, in what year with the GNP reach $10 trillion?
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\n" ); document.write( "A(x) = 5.9*1.048^x = 10
\n" ); document.write( "1.048^x = 1.6949
\n" ); document.write( "x*ln(1.048) = ln(1.6949)
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\n" ); document.write( "x = ln(1.6949)/ln(1.048) = 11.25 years
\n" ); document.write( "Note:: 11.25 is in the 12th year after 1994
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\n" ); document.write( "Ans: 1994 + 12 = 2006
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\n" ); document.write( "Cheers,
\n" ); document.write( "Stan H.
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