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Please help me answered the following with the giving data. Charactaristics of Golden Age: Strengthening social safety net, high minimum wage, 30% of workers belong

Please help me answered the following with the giving data.

Charactaristics of Golden Age: Strengthening social safety net, high minimum wage, 30% of workers belong to unions, high marginal tax rates on high incomes (over 90% in 1950s), strict regulation of "Wall Street," least inequality of wealth and income in American history.

Characteristics of Neoliberal Era: Weakening social safety net, falling minimum wage, under 10% of workers belong to unions, marginal tax rates on high incomes under 40% (dividends and capital gains taxed at 15%), deregulation of"Wall Street", growing inequality of wealth and income.

QUESTION: Does GDP data support the claim that there is a trade-off between equality and efficiency? That is, does the data support the claim that greater economic equality in society would cause the rate of growth of GDP to decline? Explain why or why not.

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US Presidential Administrations (first full year in office to final full year in office) Presidential Administration Term of Office Real GDP Growth Rate Eisenhower 1953-1960 2.72% (In 3259.97 -2695.61In)/7*100 Kennedy/Johnson 1961-1968 5.14% (In 4792.32 - 3343.55In)/7*100 Nixon/Ford 1969-1976 2.65% (In 5949.00 - 4942.07In)/7*100 Carter 1977-1980 2.75% (In 6759.18- 6224.09In)/3*100 Reagan/Bush (1) 1981-1992 3.04% (In 9684.89- 6930.71In)/11*100 Clinton 1993-2000 3.96% (In 13130.99- 9951.50In)/7*100 Bush (II) 2001-2008 2.32% (In 15604.69-1362.08In)/7*100Obama 2009-2016 2.19% (In 17730.51- 15208.83In)/7*100 Round your answers to two decimal places. Use the Log Difference method and the data that is attached. All growth rates should be presented as annual rates. Long-Run Annual GDP Growth Rate, 1929-2013: 0.03 % (Fill in the blank) 1109.45- 16495.37 16495.37-1109.45=15,385/ 1109.45=13.868 GDP growth rate during the Golden Age of Social Democracy (1947-1980) 0.04 % (Fill in the blank) (les trente glorieuses) GDP growth rate during the Neoliberal Era (1981-2019): 0.02 % (Fill in the blank) (post Reagan Revolution) (Capital Unleashed)

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