[Related to the Don’t Let This Happen to You on page 357] Use the data for the United States in this table to answer the following questions. a. What was the percentage change in real GDP per capita...

[Related to the Don’t Let This Happen to You on page 357]

Use the data for the United States in this table to answer

the following questions.

a. What was the percentage change in real GDP per capita between 2012 and 2016?

b. What was the average annual growth rate in real GDP

per capita between 2012 and 2016? (Hint: Remember

that the average annual growth rate for relatively short

periods can be approximated by averaging the growth

rates for each year during the period [see Chapter 10,

Section 10.1].)

Source: U.S. Bureau of Economic Analysis.