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According to the National Council of Economic Education (NCEE, 2006) confirms "changes are more meaningful, as the changes in real GDP show what has actually happened to the quantities of goods and services, independent of changes in prices."
Year Real GDP
(billions of 2000 dollars) Population
(in thousands) Real GDP
per Capita
(2000 dollars)
2003 $10320.6 290789 $35492
2004 $10755.7 293655 $36627
2005 $11134.8 296748 $37523
"Among its peer group, the United States ranks first in economic growth with an average annualized seasonally adjusted real GDP growth rate of 2.7 percent from the first quarter of 2001 through the third quarter of 2005" (Saxton, 2005)...
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