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Macroeconomics 11th Edition by Michael Parkin
Edition 11ISBN: 9780133423884Macroeconomics 11th Edition by Michael Parkin
Edition 11ISBN: 9780133423884 Exercise 25
Brazil's real GDP was 1,520 trillion reais in 2011 and 1,585 trillion reais in 2012. Brazil's population was 195 million in 2011 and 196.5 million in 2012. 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 2012 growth rate of real GDP and the population growth rate are maintained.
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 2012 growth rate of real GDP and the population growth rate are maintained.
Explanation
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Verified
Growth rate of real gross domestic produ...
Macroeconomics 11th Edition by Michael Parkin
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