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 |
Related Book For
Business Statistics A First Course
ISBN: 978-0321979018
7th edition
Authors: David M. Levine, Kathryn A. Szabat, David F. Stephan
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