UnitsCurrent Reales (million)Million2000= 100RealesReales, 20002000Nominal GDPPopulationGDP deflatorNominal GDPpcReal GDPpcSource: World Bank, World Development Indicators (online)1,199,092174.5100.06,8406,8402017How long would it take for real GDPpc to double?6,559,940209.3369.428,2997,661What does this 0.9% growth in real GDPpc mean in terms long-term standard of living in Brazil?Average annual growth (%)14.01.410.611.50.9I

Gross Domestic Product (GDP) per capita is a measure of the average economic output per person in a…

Units 2000 Nominal GDP Current Reales (million) Population Million GDP deflator 2000= 100 Nominal GDPpc Reales Real GDPpc Reales, 2000 Source: World Bank, World Development Indicators (online) 1,199,092 174.5 100.0 6,840 6,840 2017 6,559,940 209.3 369.4 28,299 7,661 Average annual growth (%) 14.0 1.4 10.6 11.5 0.9 What does this 0.9% growth in real GDPpc mean in terms long-term standard of living in Brazil

Units 2000 Nominal GDP Current Reales (million) Population Million GDP deflator 2000= 100 Nominal GDPpc Reales Real GDPpc Reales, 2000 Source: World Bank, World Development Indicators (online) 1,199,092 174.5 100.0 6,840 6,840 2017 6,559,940 209.3 369.4 28,299 7,661 Average annual growth (%) 14.0 1.4 10.6 11.5 0.9 What does this 0.9% growth in real GDPpc mean in terms long-term standard of living in Brazil

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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