Pls help, with explanation if possible
1 answer:
You might be interested in
Answer:
\simeq 14.94 billion dollars
Step-by-step explanation:
During the period 1994 - 2004, the 'National Income' ,(NI) of Australia grew about 5.2% per year (measured in 2003 U. S, dollars). In 1994 , the NI of Australia was $ 4 billion.
Now,
(2020 - 1994) = 26
Assuming this rate of growth continues, the NI of Australia in the year 2020 (in billion dollars) will be,
=
=\simeq 14.94 billion dollars (answer)