The Gross Domestic Product, GDP, of Oregon¹ is 243 billion dollars with a growth rate2 of 3.10%. Write an
equation that can be used to estimate the size of Oregon's economy in a future year, assuming the same
relative yearly growth rate. Let g be the state's GDP in billions of dollars in t years from now.
a. The equation is:
b. The equation is in the exponential
e family
c. Use the equation to determine Oregon's GDP in 8 years from now? Round to the nearest billion dollars.
billions