Mexicos real GDP was 13,405 trillion pesos in 2013 and 13,805 trillion pesos in 2014. Mexicos population
Question:
Mexico’s real GDP was 13,405 trillion pesos in 2013 and 13,805 trillion pesos in 2014. Mexico’s population was 118.4 million in 2013 and 119.5 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 Mexico to double if the 2014 growth rate of real GDP and the population growth rate are maintained.
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Calculation a The growth rate of real GDP in 2013 and 2014 are 13405 trillion pesos and 13805 tri...View the full answer
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Related Book For 
Microeconomics Canada In The Global Environment
ISBN: 9780321931184
9th Edition
Authors: Robin Bade, Michael Parkin
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