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Question: Calculate the growth rate1of "Brazil" GDP and whether they are a BEM (you must calculate...

Question:

Calculate the growth rate1of "Brazil" GDP and whether they are a BEM (you must calculate this to get full credit; find the appropriate numbers first)

1 (Growth rate as a percentage= (year2-year1)/year1 x 100)

EXAMPLE (For Philippines):

Economy of the Philippines

Statistics         

GDP   $284.556 billion nominal (2014) $692.223 billion PPP (2014)

GDP rank       39th nominal (2014) 29th PPP (2014)

GDP growth  5.6% (Q2 2015)

GDP per capita          $2,828 (2014) (nominal 126th) $6,986(2014) (PPP)

The GDP is calculated as:

  • GDP = Consumption + Investment + Government Spending + Exports - Imports

The GDP of the Philippines is 272 billion USD (2014)

(Our calculation is based off of year 2014 because 2015's year is not over.)

Real GDP is calculated as:

  • Real GDP = GDP / (1 + Inflation since base year)

       =272 /(1+4.4)

      = 50.37

(In the same manner above, you have to calculate the GDP of Brazil for the current year or 2018). I need it as soon as possible today.

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