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question 404

Essay

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 (2000pricas)  Papulation 1987$6,435,000 millian 243 millian 2005$11,092,000 millian 296.6 million \begin{array} { | c | c | c | } \hline \text { Year } & \text { Real GDP (2000pricas) } & \text { Papulation } \\\hline 1987 & \$ 6,435,000 \text { millian } & 243 \text { millian } \\\hline 2005 & \$ 11,092,000 \text { millian } & 296.6 \text { million } \\\hline\end{array}

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