Assume the real U.S.GDP in 1998 was $7,552 billion and the U.S.population was 270 million,and the real U.S.GDP in 2000 was $10 trillion and the U.S.population was 280 million.From 1998 to 2000,the per capita real GDP

Question

Quizplus · Accepted Answer

To find per capita real GDP, we divide the real GDP by the population. 
Per capita real GDP in 1998 = $7,552 billion / 270 million = $27,970.37 
Per capita real GDP in 2000 = $10 trillion / 280 million = $35,714.29 
Therefore, per capita real GDP increased from $27,970.37 in 1998 to $35,714.29 in 2000.

Assume the Real U