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
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter19: The Macroeconomic Perspective
Section: Chapter Questions
Problem 25CTQ: Cross country comparisons of GDP per capita typically use purchasing power parity equivalent...
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![Units
Current Reales (million)
Million
2000= 100
Reales
Reales, 2000
2000
Nominal GDP
Population
GDP deflator
Nominal GDPpc
Real GDPpc
Source: World Bank, World Development Indicators (online)
1,199,092
174.5
100.0
6,840
6,840
2017
How long would it take for real GDPpc to double?
6,559,940
209.3
369.4
28,299
7,661
What does this 0.9% growth in real GDPpc mean in terms long-term standard of living in Brazil?
Average annual growth (%)
14.0
1.4
10.6
11.5
0.9
I](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F24a61812-bafb-4685-a6f6-e45da256e2aa%2F17e1df52-cb90-46c2-8eaa-066d6d2f6680%2Fpqy3kap_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Units
Current Reales (million)
Million
2000= 100
Reales
Reales, 2000
2000
Nominal GDP
Population
GDP deflator
Nominal GDPpc
Real GDPpc
Source: World Bank, World Development Indicators (online)
1,199,092
174.5
100.0
6,840
6,840
2017
How long would it take for real GDPpc to double?
6,559,940
209.3
369.4
28,299
7,661
What does this 0.9% growth in real GDPpc mean in terms long-term standard of living in Brazil?
Average annual growth (%)
14.0
1.4
10.6
11.5
0.9
I
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