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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.

Related: Data Literacy: Adjusting for Population, a lesson plan designed for face-to-face instruction.

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Audience:   High School, College
Language:   English
Subjects:   Economics, Data Literacy
Resource Types:   Data, Charts/Graphs, Online Course/Module
Concepts:   Gross Domestic Product (GDP), Business Cycle