Brazils real GDP was 1,180 trillion reais in 2013 and 1,202 trillion reais in 2014. Brazils population
Question:
Brazil’s real GDP was 1,180 trillion reais in 2013 and 1,202 trillion reais in 2014. Brazil’s population was 198 million in 2013 and 200 million in 2014. Calculate:
a. The growth rate of real GDP.
b. The growth rate of real GDP per person.
c. The approximate number of years it takes for real GDP per person in Brazil to double if the 2014 growth rate of real GDP and the population growth rate are maintained.
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a The growth rate of real GDP was 1 97 b The growth ...View the full answer
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ISBN: 9780321931184
9th Edition
Authors: Robin Bade, Michael Parkin
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