6.2 Applications: Economic growth in the US, 1929-85 The following is an application of the materials in Sections 6.1 and 6.2 of the notes. The table below supplies the necessary data. TABLE A Variable 1929 1957 1985 source 1. Real net national product 644 1409 3213 B3, B22 2. Real net investment 58 103 203 B3, B16 3. Employment 49 67 115 B32 This problem set is adapted from ones originally written by Professor Robert E. Lucas, Jr. for his Econ 202 and Econ 331 at the University of Chicago. 15