In this exercise, we estimate the rate at which the total personal income is rising in the Richmond-Petersburg, Virginia, metropolitan area. In 1999, the population in this area was 961400, and the population was increasing at roughly 9200 people per year. The average annual income was 30593 dollars per capita, and this average was increasing at about 1400 dollars per year [a little above the national average of about 1225 dollars yearly].

Use the Product Rule and these figures to estimate the rate at which the total personal income was rising in the Richmond-Petersburg area in 1999.

Question

Mathematics

Rihanna Cochran

1 January, 12:53

In this exercise, we estimate the rate at which the total personal income is rising in the Richmond-Petersburg, Virginia, metropolitan area. In 1999, the population in this area was 961400, and the population was increasing at roughly 9200 people per year. The average annual income was 30593 dollars per capita, and this average was increasing at about 1400 dollars per year [a little above the national average of about 1225 dollars yearly].

Use the Product Rule and these figures to estimate the rate at which the total personal income was rising in the Richmond-Petersburg area in 1999.

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Alonzo Reid · Answer 1

The question is asking to estimate the rate at which the total personal income was rising in the Richmond-Petersburg area in 1999 and base on my research, I would say that the answer would be 1,627,4156,000. I hope you are satisfied with my answer and feel free to ask for more