New construction: The following table18 shows the value B, in billions of dollars, of new construction put in place in the United States during year t.
a. Make a table showing, for each of the 3-year
periods, the average yearly rate of change in B.
b. Explain in practical terms what B(2004) means,
and estimate its value.
c. Over what period was the growth in value of
new construction the greatest?
d. According to the table, in what year was the
value of new construction the greatest?
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