Problem 4 - 2 What is the percentage increase in real GDP...

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EC 11. Principles of Macroeconomics Jose U. Mora Problems for Chapters 12 and 13 Due on Tuesday, Oct. 30th. Use the following data for the U.S. to answer questions 1 and 2. Year Real GDP (2000 prices) Population 1987 $6,435,000 million 243 million 2005 $11,092,000 million 296.6 million 1. What is real GDP per person for 2005?
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Unformatted text preview: 2. What is the percentage increase in real GDP per person from 1987 to 2005? 3. Using a graph representing the market for loanable funds, show and explain what happens to interest rates and investment if a government goes from a deficit to a surplus....
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