Macroeconomics 12th Edition by Michael Parkin

Exercise 1

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.