Macroeconomics 12th Edition by Rudiger Dornbusch ,Stanley Fischer,Richard Startz

Exercise 10

How much was U.S. real GDP growth in the year 2012 What about the growth rate of U.S. population First, check out "Gross Domestic Product (GDP) and Components" at http://research.stlouisfed.org/fred2. Click on "Categories," under "National Accounts" select "National Income Product Accounts," then "GDP/GNP." Search "GDPCA," title "Real Gross Domestic Product." Click on "Download Data" and change the units to "Percent Change," then download the series. For population data, go to www.census.gov , then select "Estimates" under the "People" category. Click on "Current Estimates Data," and then under "Nation" and "Total Population," click on "V2012." Select "Population Change" and click on the data set that is NOT the cumulative estimate. The data set shows the annual population change in the United States between 2011-2012. Using these two pieces of information, what can you infer about the evolution of U.S. per capita real GDP in 2012