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QUESTION
Use the data on U. real GDP below to compute real GDP per person for each year. Then use these numbers to compute the percentage increase in real GDP...
Use the data on U.S. real GDP below to compute real GDP per person for each year. Then use these numbers to compute the percentage increase in real GDP per person from 1987 to 2005.
Year Real GDP (2000 prices) Population1987 $6,435,000 million 243 million2005 $11,092,000 million 296.6 millionPer capita GDP = GDP/ populationReal GDP per person in 1987 = 6435000/243...