00:01
We start out with the real gdp of russia being 2 .017 trillion in 2012, and the real gdp in 2013 was 2 .097 trillion.
00:16
And we have the population in both years.
00:19
The first thing we want to do is find the growth rate of real gdp, and the growth rate is just a percent change.
00:30
So my percent change in gdp is my growth rate.
00:36
So percent change would be my ending value, 2 .097 trillion, less my beginning, 2 .017 trillion, divided by my beginning value.
00:51
And so i get 0 .8 trillion over 2 .017 trillion, which works out to be 3 .97%.
01:02
In part b, we want to know the growth rate of real gdp per person.
01:10
So we have to find gdp per person, and that would be our gdp divided by the population.
01:17
We call that per capita gdp in first 2012.
01:25
And so our gdp is 2 .017 trillion, but we know a trillion is a digit with 12.
01:33
Places after it.
01:35
So i'm going to write it in scientific notation 2 .017 times 10 to the 12th power.
01:42
Otherwise, the numbers kind of run out of your calculator.
01:46
There are not enough places sometimes.
01:49
And then my population, 143 .2 million, we know that a million has six decimal places after it to the right.
01:59
So i'm going to say that's 10 to the 6...