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Andrei [34K]
3 years ago
15

Suppose the world population today is 7 billion, and suppose this population grows at a constant rate of 3% per year from now on

. (This rate is almost certainly much faster than the future population growth rate)a. What would the population equal 100 years from now?b. Compute the level of the population for t =0, t =1, t =2, t =10, t =25, and t =50.Today is t = 0.c. Make a graph of population versus time (on a standard scale).d. Now make the same graph on a log scale

Business
1 answer:
oksano4ka [1.4K]3 years ago
3 0

Answer:

a) P(t=100) = 7 e^{0.03*100}=140.599 billion

b) P(t=0) = 7 e^{0.03*0}=7 billion

P(t=1) = 7 e^{0.03*1}=7.21 billion

P(t=2) = 7 e^{0.03*2}=7.43 billion

P(t=10) = 7 e^{0.03*10}=9.45 billion

P(t=25) = 7 e^{0.03*25}=14.82 billion

P(t=50) = 7 e^{0.03*50}=31.37 billion

c) Figure attached

d) Figure attached

Explanation:

The proportional model on this case would be given by:

\frac{dP}{dt} = kP

Where P is the population size, t the time on years and k a constant.

We can reorder this expression like this:

\frac{dP}{P} = k dt

If we integrate both sides we got:

ln|P| = kt + C

And using exponentials on both sides we got:

P(t) = e^{kt} e^C = P_o e^{kt}

Where P_o=7 billion  represent the initial amount for the starting year t=0.

The rate on this case is given r =3\% = 0.03, so then our model would be given by:

P(t) = 7 e^{0.03t}

Part a

For this case we just need to replace t=100 and we got:

P(t=100) = 7 e^{0.03*100}=140.599 billion

Part b

For this case we have the following:

P(t=0) = 7 e^{0.03*0}=7 billion

P(t=1) = 7 e^{0.03*1}=7.21 billion

P(t=2) = 7 e^{0.03*2}=7.43 billion

P(t=10) = 7 e^{0.03*10}=9.45 billion

P(t=25) = 7 e^{0.03*25}=14.82 billion

P(t=50) = 7 e^{0.03*50}=31.37 billion

Part c

The graph is on the first figure attached.

Part d

If we take a log-log scale we have the following values

We need to exclude the point t=0 since the natural log for 0 is not defined.

ln 1 =0 , ln 2= 0.693, ln 10=2.30, ln 25 =3.22, ln 50= 3.91

The result would be the figure 2 attached. And we see a better result for the graph.

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