Question

Mexico’s Real GDP was 13,773 billion pesos in 2014 and 14,135 billion pesos in 2015. Mexico's...

Mexico’s Real GDP was 13,773 billion pesos in 2014 and 14,135 billion pesos in 2015. Mexico's population growth rate in 2015 was 1.1 percent. Calculate The growth rate of real GDPin 2015.

Calculate the growth rate of real GDP per person in 2015.

Calculate the approximate number of years it takes for real GDP per person in Mexico to double if the 2015 growth rate of real GDP and the population growth rate are maintained.

Homework Answers

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Japan ​'s real GDP was 510 trillion yen in 2014 and 517 trillion yen in 2015...
Japan ​'s real GDP was 510 trillion yen in 2014 and 517 trillion yen in 2015 . Japan ​'s population growth rate in 2015 was minus 0.1 percent. 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 Japan to double if the 2015 growth rate of real GDP and the population growth rate are maintained. The growth rate...
The IMF forecasted Canada’s real GDP at $1,830 billion in 2017 and $1,866 billion in 2018,...
The IMF forecasted Canada’s real GDP at $1,830 billion in 2017 and $1,866 billion in 2018, and Canada’s population at 36.7 million in 2017 and 37.1 million in 2018. 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 Canada to double if the 2018 growth rate of real GDP and the population growth rate are maintained.
Country Real GDP 2014 Real GDP 2015 Blissful Acre $150,000,000 $156,000,000 Happy Haven $6,000,000 $6,300,000 Use...
Country Real GDP 2014 Real GDP 2015 Blissful Acre $150,000,000 $156,000,000 Happy Haven $6,000,000 $6,300,000 Use the table above for the following questions What is Blissful Acre’s rate of growth of real GDP? What is Happy Haven's rate of growth of real GDP? If Blissful Acre’s population growth between 2014 and 2015 is 2%, what is the rate of growth of real GDP per capita If Happy Haven’s growth rate of real GDP per capita is 2.5%, what is the...
In 2015, real GDP was SAR 12,247 billion. In 2018, it was SAR13,206 billion. During the...
In 2015, real GDP was SAR 12,247 billion. In 2018, it was SAR13,206 billion. During the same period, the Saudi population rose from 22.9 million to 25.4 million. a. Calculate real GDP per capita in 2015 and 2018. By what percentage did output per person grow over this period? b. Suppose that real GDP grown by 3% each year from 2015 to 21018, what would real GDP have been in 2018?
1. Suppose that the annual rates of growth of real GDP of Econoland over a five-year...
1. Suppose that the annual rates of growth of real GDP of Econoland over a five-year period were sequentially as follows: 3 percent, 1 percent, -2 percent, 4 percent, and 5 percent. What was the average of these growth rates in Econoland over these 5 years? What term would economists use to describe what happened in year 3? If the growth rate in year 3 had been a positive 2 percent rather than a negative 2 percent, what would have...
The following table provide some data for the Canada in 2019.   Items Billion of $ Wages...
The following table provide some data for the Canada in 2019.   Items Billion of $ Wages paid to labour 685 Consumption expenditure 791 Taxes 394 Transfer payments 276 Profits 273 Investment 209 Government expenditure 267 Exports 322 Saving 38 Imports 366 a. Answer the following questions based on above table i. Calculate Canada GDP. ii. Explain the approach (expenditure or income) that you used to calculate the Canada GDP. b. Malaysia’s real GDP was $560 billion in 2010 and $570...
Suppose real GDP in the U.S. was $19,000 billion in 2019 and $18,900 billion in 2020....
Suppose real GDP in the U.S. was $19,000 billion in 2019 and $18,900 billion in 2020. Assume that population in the U.S. was 0.32 billion in 2019 and 0.35 billion in 2020. a. What was the growth rate of real GDP from 2019-2020? b. Calculate GDP per capita in both 2019 and 2020. c. What was the growth rate of real GDP per capita from 2019-2020?
Last year real GDP in an imaginary economy was $10 billion and the population was 2...
Last year real GDP in an imaginary economy was $10 billion and the population was 2 million. This year, real GDP is $12 billion and the population was 2.2 million. What was the growth rate of real GDP per person during the year?
Last year Panglossia had real GDP of 27.0 billion. This year it had real GDP of...
Last year Panglossia had real GDP of 27.0 billion. This year it had real GDP of 31.5 billion. Which of the following changes in population is consistent with a 5 percent growth rate of real GDP per person over the last year? The population decreased from 88 million to 84 million. The population decreased from 75 million to 73 million. The population increased from 45 million to 50 million. The population increased from 60 million to 62 million. Can someone...
3. You are provided below Philipines GDP (in thousands of pesos) for 2015 to 2018. a....
3. You are provided below Philipines GDP (in thousands of pesos) for 2015 to 2018. a. Calculate real GDP and GDP growth: Year GDP at Current Price Deflator Real GDP GDP Growth 2015                    1,260,009 250.6691 2016                    1,373,027 263.7922 2017                    1,434,553 262.3692 2018                    1,478,707 269.5759 Please explain how u did it
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT