Mexico’s real GDP was 8,600 trillion pesos in 2009 and 8,688 trillion pesos in 2010. Mexico’s population was 107 million in 2009 and 108 million in 2010. Calculate
a. The economic growth rate.
b. The growth rate of real GDP per person.
c. The approximate number of years it takes for real GDP per person in Mexico to double if the 2010 economic growth rate and population growth rate are maintained.