ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Question
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 1993 to 2012.
Year |
Real GDP (2009 prices) |
Population |
1993 |
$9,510,800 million |
257.8 million |
2012 |
$15,470,700 million |
313.85 million |
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