Calculate the percentage increase in real gdp per person

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Q. Suppose Microsoft sells the basic version of Vista to retailers such as Circuit City for $190 per copy. If Microsoft were to raise that price to $290, which of the following would happen?

Q. Use the data on U.S. real GDP below to compute real GDP per person for each year. Then use these numbers to calculate the percentage increase in real GDP per person from 1987 to 2005.

year- 1987 real gdp (2000 prices)- $6,435,000million Population- 243 million

year- 2005 real gdp (2000 prices)- $11,092,000million Population- 296.6 million

Reference no: EM1348886

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