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exponential growth for energy consumption of US and world

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4. In 2000, the US accounted for one-fourth of the total world energy consumption and both the US and world rates were growing at a 3.7 percent annual rate. Suppose the US cut its growth rate to 0.2 percent, while the rest of the world growth propelled by the needs of developing countries, continued to increase by the historic rate. What would be the
US share of total consumption in 2050 (in percent)?

Hint: exponential growth

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Solution Summary

Utilizing the exponential growth model, the solution calculated the energy consumption of US and world total, respectively.

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