25 The developing economies share of the global gross domest

2.5

The developing economies\' share of the global gross domestic product (GDP) from 2003 and projected to 2017 is shown in the following table. Find the quadratic function that best models the developing economies\' share of the global GDP as a function of the number of years after 2000. (Round all numerical values to four decimal places.) y(x) = _______

Solution

Year   Share (% of GDP)
2003   20
2004   22
2005   23
2006   27
2007   28
2008   31
2009   31
2010   33
2011   35
2012   38
2013   39
2014   40
2015   41
2016   42
2017   43

Share (% of GDP) = - 194014 + 191.4 Year - 0.04719 Year^2