The US bureau of the census predicted that the population of Florida would be about 18.4 million in 2010 and then would increase by 0.35 million per year until 2015. Write a linear model that predicts the population, Y, of Florida (in millions) in terms of X, the number of years since 2010.

according to this law, when unemployment goes up by 1%, gdp drops by 2%. in the question, unemployment rate goes from 2% to 5%, meaning unemployment goes up by 3%, so the gdp drops by 6%. thus the effect is a drop in gdp by 6%.

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c

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3100

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