This is my first time ever asking the internet for help on a math question. I feel really stumped here.
So this is the question.
"Economic data is quite variable and very complicated, making it difficult to model. The models we use here are rough approximations of the Unemployment Rate and Gross Domestic Product (GDP).
The unemployment rate can be modeled by: U(t) = 5cos(2t/pi)/[2+sin(2t/pi)] + 6 where t is in years and t=0 represents January 1, 1985.
0 < or equal to t < or equal to 25
The GDP growth rate can be modeled by: G(t) = 5cos(2t/pi+5)+2 where t is in years and t=0 represents January 1, 1985.
0 < or equal to t < or equal to 25
If the GDP growth rate is increasing, the economy is expanding and if it is decreasing, the economy is contracting. A recession occurs when GDP growth rate is negative.
Ok so the question is "During what years was the U.S economy in a recession?".
I'm assuming you use the GDP equation for this question. This is what I got:
G'(t) = cos(2t/pi+5) * t
cos(2t/pi+5) * t = 0 (Divided both sides by cos(2t/pi+5)
t=0
I honestly don't know what to do with cos(2t/pi+5). I thought you could bring t out of it but it doesn't seem like it would work. I felt this was too easy though so I have doubts about this being the right answer.
Help would be much appreciated. Thanks in advance!
P.S - The title of this thread is for another question that I have that's about finding crit. numbers. I hope any of you don't mind helping me with another weird question. -_-
So this is the question.
"Economic data is quite variable and very complicated, making it difficult to model. The models we use here are rough approximations of the Unemployment Rate and Gross Domestic Product (GDP).
The unemployment rate can be modeled by: U(t) = 5cos(2t/pi)/[2+sin(2t/pi)] + 6 where t is in years and t=0 represents January 1, 1985.
0 < or equal to t < or equal to 25
The GDP growth rate can be modeled by: G(t) = 5cos(2t/pi+5)+2 where t is in years and t=0 represents January 1, 1985.
0 < or equal to t < or equal to 25
If the GDP growth rate is increasing, the economy is expanding and if it is decreasing, the economy is contracting. A recession occurs when GDP growth rate is negative.
Ok so the question is "During what years was the U.S economy in a recession?".
I'm assuming you use the GDP equation for this question. This is what I got:
G'(t) = cos(2t/pi+5) * t
cos(2t/pi+5) * t = 0 (Divided both sides by cos(2t/pi+5)
t=0
I honestly don't know what to do with cos(2t/pi+5). I thought you could bring t out of it but it doesn't seem like it would work. I felt this was too easy though so I have doubts about this being the right answer.
Help would be much appreciated. Thanks in advance!
P.S - The title of this thread is for another question that I have that's about finding crit. numbers. I hope any of you don't mind helping me with another weird question. -_-
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