Modeling Personal income Total personal income in the United States (in billions of dollars) for selected years from 1960 to 2002 is given in the following table.



Source: Bureau of Economic Analysis, U.S. Department of Commerce

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These data can be modeled by an exponential function. Write the equation of this function, with x as the number of years past 1960.

If this model is accurate, what will be the total U.S. personal income in 2010? Round your answer to the nearest cent.



a.  $12,024.38 billion

b.  $12,277.11 billion

c.  $12,295.14 billion

d.  $18,466.61 billion

e.  $12,383.65 billion


d.  $18,466.61 billion

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