Use the data on U.S. real GDP below to compute real GDP per person for each year. Then these numbers to compute the percentage increase in real GDP per person from 1987 to 20 Year 1987 Real GDP (2000 prices) $6,435,000 million Population 243 million 2005 $11,092,000 million 296.6 million

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Chapter10: Measuring A Nation's Income
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1. 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.
Real GDP (2000 prices)
Year
1987
Population
243 million
$6,435,000 million
2005
$11,092,000 million
296.6 million
Transcribed Image Text:1. 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. Real GDP (2000 prices) Year 1987 Population 243 million $6,435,000 million 2005 $11,092,000 million 296.6 million
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