FRED Interactive: Real GDP per capita
The average standard of living in a country is measured by dividing the value of its gross domestic product by the size of its population. In this interactive lesson, students learn to calculate the gross domestic product per person in the United States. This helps us see how the average standard of living has changed over time.
Teachers: Visit the FRED Interactives in our Econ Lowdown Teacher Portal. Once you are logged in, go to the Resource Gallery and filter by “Resource Type: Interactive Lesson” to easily find and preview the FRED Interactive lessons.
Related: Data Literacy: Adjusting for Population, a lesson plan designed for face-to-face instruction.
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