The GDP of Florida¹ is 1059 billion dollars with a growth rate² of 2.9%. Write an equation that can be used to
estimate the size of Florida'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 Select an answer
family
c. Use the equation to determine Florida's GDP in 8 years from now? Round to the nearest billion dollars.
billions