Use the Data on U

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 1993 to 2012.
$$\begin{array} { | l | l | l | } \hline \text { Year } & \text { Real GDP (2009 prices) } & \text { Population } \\\hline 1993 & \$ 9,510,800 \text { million } & 257.8 \text { million } \\\hline 2012 & \$ 15,470,700 \text { million } & 313.85 \text { million } \\\hline\end{array}$$