00:01
So here we're given a table that didn't copy very well, but i think we can decipher.
00:08
So i'm going to write this as two years, right, 2016 and 2017, and we have information on real gdp and the population, right, both in billions.
00:20
So real gdp went from 180 ,000 to 187 to 54.
00:28
The population went from 300 to 303.
00:31
So the first thing is the percentage change in real gdp, right? and this is, as always, new minus old, over old.
00:41
That's equal to 187 -254 minus 1 ,800 ,000, 180 ,000, all over 18 ,000.
00:50
And this is equal to 0 .0403, which is equal to 4 .03%, right? that's how we would do that calculation.
01:01
Now, however, we can think about dividing these to get a measure of real gdp over the population...