2) Below is the Table showing the annual gross electricity demand (T product a) Draw gross domestic product versus electricity consumption and find the equation of the line by the graphical method (be careful determining the dependent and the independent variables) b) By using the equation you have found, predict the electricity demand when GDP becomes 2500 billion S.

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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2) Below is the Table showing the annual gross electricity demand (TW.h) of Turkey versus gross dom
product
a) Draw gross domestic product versus electricity consumption and find the equation of the line by the
graphical method (be careful determining the dependent and the independent variables)
b) By using the equation you have found, predict the electricity demand when GDP becomes 2500 billion $.
Year GDP (billion S)
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
800
928
1024
1120
1094
1250
1433
1532
1691
1861
1966
2040
2186
gross annual electricity
consumption (TWh)
161
175
190
198
194
210
230
242
246
257
266
279
295
Transcribed Image Text:2) Below is the Table showing the annual gross electricity demand (TW.h) of Turkey versus gross dom product a) Draw gross domestic product versus electricity consumption and find the equation of the line by the graphical method (be careful determining the dependent and the independent variables) b) By using the equation you have found, predict the electricity demand when GDP becomes 2500 billion $. Year GDP (billion S) 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 800 928 1024 1120 1094 1250 1433 1532 1691 1861 1966 2040 2186 gross annual electricity consumption (TWh) 161 175 190 198 194 210 230 242 246 257 266 279 295
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