In 2007,per capita real gross domestic product (GDP)in Brazil was $9,893.92.By 2008,it had increased to $10,525.58.At what rate did Brazil's economy grow in that time?

Question

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The formula for calculating the growth rate is:Growth rate = (New value - Old value) / Old value * 100In this case, the old value is $9,893.92 and the new value is $10,525.58.Growth rate = (10,525.58 - 9,893.92) / 9,893.92 * 100= 6.38%Therefore, the correct answer is C) 6.38%.

In 2007,per Capita Real Gross Domestic Product (GDP)in Brazil Was