(Solved): Total personal income of the country (in billions of dollars) for selected years from 1955 to 2000 i ...

Total personal income of the country (in billions of dollars) for selected years from 1955 to 2000 is given in the table. (a) These data can be modeled by an exponential function. Write the equation of this function, with

as the number of years after 1955 . (b) If this model is accurate, what will be the country's total personal income in 2005? (a) The equation of an exponential function that models the data is

(Use integers or decimals for any numbers in the expression. Round to three decimal places as needed.) (b) The country's total personal income in 2005 will be billion. (Round to three decimal places as needed.)