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.
Definitions:
Cash Disbursements
Outflows of cash for expenses, investments, and other payments made by a business.
Materials Purchases
The acquisition of raw materials or supplies required for the production of goods or provision of services.
Payment Discount
A reduction in the invoice amount offered by a seller to the buyer in return for early payment within a specified time frame.
Cash Balance
The amount of cash on hand or in bank accounts, immediately available to a business or individual.
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