The following table indicates U.S. real GDP data. Calculate real GDP per person for 1987 and 2005.

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The following table indicates U.S. real GDP data. Calculate real GDP per person for 1987 and 2005. Then use real GDP per capita to compute the percentage change in real GDP per person from 1987 to 2005.

Year

Real GDP (2000 prices)

(in million)

Population

(in million)

1987

$6,435,000

243

2005

$11,092,000

296.6

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Business Statistics A First Course

ISBN: 978-0321979018

7th edition

Authors: David M. Levine, Kathryn A. Szabat, David F. Stephan

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Posted Date: Jan 24, 2021 06:49 PM

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The following table indicates U.S. real GDP data. Calculate real GDP per person for 1987 and 2005.

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year 1987 GDP 6435000 GDP per capita GDPPOPULATION 6435000243 2648... View the full answer

Business Statistics A First Course

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