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The economy of Argentina as measured by ...

The economy of Argentina as measured by its Gross Domestic product (GDP) is shrinking at a rate of 2.6% per year. In 2.15, the GPD of Argentina was $630 billion. Which of the following functions represents Argentina's GPD,A, in billions of dollars, y years since 2015?

A

`A(y)=630-(1-0.26)y`

B

`A(y)=630(1-0.26)^y`

C

`A(y)=630-(1-0.026)y`

D

`A(y)=630(1-0.026)^y`

Text Solution

Verified by Experts

The correct Answer is:
D
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