Calculate by how much US per capita real income has increased between 2017 and 2021. Go to http://fred.stlouisfed.orgLinks to an external site.and find real GDP data by clicking on "Category". You then click on "National Accounts", then "Total Real Gross Domestic Product for United States Metropolitan Portion". For population data, go back to the home page and click on "Category." Then under "Population, Employment & Labor Markets," select "Population," then select under Population "Annual" Use the information provided at these two places to fill in columns 1 and 2 in the table below. You can calculate real GDP per capita by dividing real GDP by population. Note that the figures given are in thousands for population and in millions of dollars for GDP. After filling in columns 1 and 2, you can find out how much per capita income is higher today compared to the year you were born (Hint: Simply divide column 1 by the value in column 2).

VARIABLE TODAY'S YEAR ( ) YOUR BIRTH YEAR ( )

Real GDP

Population

Real GDP per capita