Using the GDP deflator in Table 10, calculate the average annual inflation rate that the U.S. experienced over the period beginning with the year of your birth and ending with 2022. (Note: You do not use the inflation rate as the data you plug into the formula. Rather, you calculate an inflation rate by using the formula.) 8 Using the data in Table 1, calculate the average annual growth rates for nominal, real, and per capita real GDP over the 1929-2022 period. (Note: You do not use the growth rate data presented in Table 1 as the data to plug into the formula. Rather, you calculate average growth rates by using the formula.) 9 Using the population data in Table 11, calculate the average annual population growth rate over the "baby boom" period (1946-63). Then, calculate the average annual population growth rate over the entire 1929-2022 period and compare the result to the baby boom period. (Note: You do not use the population growth rate data presented in Table 11 as the data to plug into the formula. Rather, you calculate average population growth rates by using the formula.)Table 10A 'GDP Defiat PRICES, INTEREST RATES, WAGES, AND EXCHANGE RATES 2L Average Hourly Earnings Real ($2022) Major Currencies Index Wage |Growth| Value of Growth Level | Rate Dollar Rate : 2 _ | hale Table 10B PRICES, INTEREST RATES, WAGES, AND EXCHANGE RATES _ Nominal | Real (2022) Major Currencies Index Nominal Price | Inflation| Interest Rate Wage | Growth| Wage Growth| Value of Growth Level | Rate Level Rate Dollar Rate Year| Index Level Table 11A OR FORCE. EMPLOYMENT, AND UNEMPLOYMENT Civilian Labor Force POPULATION, LAB Popul Civilian Employment Civilian Unemployment e 121,878,000 [~ 123,188,000 124,149,000 124,949,000 125,690,000 126,485,000 127,362,000 128,181,000 128,961,000 129,969,000 131,028,000 132,122,000 133,402,000 134,860,000 136,739,000 138,397,000 139,928,000 141,389,000 144,126,000 146,631,000 149,188,000 151,684,000 154,287,000 156,954,000 159,565,000 162,391,000 165,275,000 168,221,000 171,274,000 174,141,000 177,130,000 180,760,000 183,742,000 186,590,000 189,300,000 191,927,000 194,347,000 196,599,000 | 198,752,000 200,745,000 202,736,000 205,089,000 207,692,000 209,924,000 211,939,000 213,898,000 215,981,000 218,086,000 220,289,000 222,629,000 Rate | Total_ 49,180,000 |- 49,820,000 50,420,000 51,000,000 51,590,000 52,230,000 52,870,000 53,440,000 54,000,000 54,610,000 55,230,000 55,640,000 55,910,000 56,410,000 55,540,000 54,630,000 53,860,000 57,520,000 60,168,000 60,621,000 61,286,000 62,208,000 62,017,000 62,138,000 63,015,000 63,643,000 65,023,000 66,552,000 66,929,000 67,639,000 68,369,000 69,628,000 70,459,000 70,614,000 71,833,000 73,091,000 74,455,000 75,770,000 77,347,000 78,737,000 80,734,000 82,771,000 84,382,000 87,034,000 | 89,429,000 91,949,000 93,775,000 96,158,000 99,009,000 102,251,000 104,962,000 Growth _ Rate G iy pr e e e e I oo bDW Participation Rate Total | Male | Female| Growth Total Rate 47,630,000 45,480,000 42,400,000 38,940,000 38,760,000 40,890,000 42,260,000 44,410,000 46,300,000 44,220,000 45,750,000 47,520,000 50,350,000 53,750,000 54,470,000 53,960,000 52,820,000 55,250,000 57,812,000 58,345,000 57,649,000 58,920,000 59,962,000 60,255,000 61,181,000 60,111,000 62,171,000 63,802,000 64,070,000 63,037,000 64,629,000 65,776,000 65,745,000 66,703,000 67,763,000 69,305,000 71,089,000 72,895,000 74,372,000 75,920,000 77,902,000 78,678,000 79,366,000 82,152,000 85,064,000 86,793,000 85,846,000 88,752,000 92,018,000 96,049,000 98,825,000 1,550,000 5| 4,340,000 8,020,000 12,060,000 12,830,000 11,340,000 10,610,000 9,030,000 7,700,000 10,390,000 9,480,000 8,120,000 5,560,000 2,660,000 1,070,000 670,000 1,040,000 2,270,000 2,356,000 2,276,000 3,637,000 3,288,000 2,055,000 1,883,000 1,834,000 3,632,000 2,852,000 2,750,000 2,859,000 4,602,000 3,740,000 3,852,000 4,714,000 3,911,000 4,070,000 3,786,000 3,366,000 2,875,000 2,975,000 2,817,000 2,832,000 4,093,000 5,016,000 4,882,000 4,365,000 5,156,000 7,929,000 7,406,000 6,991,000 6,202,000 6,137,000 Unemployment Rate Table 11B POPULATION, LABOR FORCE, EMPLOYMENT, AND UNEMPLOYMENT Civilian Unemployment Population Civilian Labor Force Civilian Employment Unemployment Growth Growth Participation Rate Growth Total Rate Total Rate Year Total Rate Total Rate Total Male Female 99,303,000 0.5 7,637,000 7.2 1980 227,726,000 1.2 106,940,000 1.9 63.8 77.5 51.5 1.1 8,273,000 7.6 100,397,000 230,008,000 1.0 108,670,000 1.6 63.9 77.0 52.1 0.9 10,678,000 9.7 1981 64.0 76.7 52.6 99,526,000 1982 232,218,000 1.0 110,204,000 1.4 9.6 234,333,000 0.9 111,550,000 1.2 64.0 76.3 52.9 100,833,000 1.3 10,717,000 4.1 8,539,000 7.5 1983 236,394,000 0.9 113,544,000 1.8 64.4 76.3 53.6 105,005,000 7.2 1984 238,506,000 0.9 115,461,000 1.7 64.8 76.3 54.5 107,149,000 2.0 8,312,000 1985 109,597,000 2.3 8,237,000 7.0 1986 240,683,000 0.9 117,834,000 2.1 65.3 76.2 55.3 112,440,000 2.6 7,425,000 6.2 1987 242,843,000 0.9 119,865,000 65.6 76.2 56.0 2.2 6,701,000 5.5 1988 245,061,000 0.9 121,669,000 1.5 65.9 76.2 56.6 114,968,000 66.5 76.4 57.4 117,341,000 2.1 5 .3 247,387,000 0.9 123,869,000 1.8 6,528,000 1989 57.5 118,793,000 1.2 7,047,000 5.6 199 250, 181,000 1.1 125,840,000 1.6 66.5 76.4 6.9 1991 253,530,000 1.3 126,346,000 0.4 66.2 75.8 57.4 117,718,000 0.9 8,628,000 7.5 1992 256,922,000 1.3 128, 105,000 1.4 66.4 75.8 7.8 118,492,000 0.7 9,613,000 66.3 75.4 57.9 120,260,000 1.5 8,940,000 6.9 1993 260,282,000 1.3 129,200,000 0.9 1994 263,455,000 1.2 131,056,000 1.4 66.6 75.0 123,060,000 2.3 7,996,000 6.1 8.8 1995 266,588,000 1.2 132,304,000 1.0 6 6 .6 75.0 59.0 124,900,000 1.5 7,404,000 5.6 1996 269,714,000 1.2 133,943,000 1.2 66.8 74.9 59.3 126,707,000 1.4 7,236,000 5.4 1997 272,958,000 1.2 136,297,000 1.8 67.1 75.0 59.8 129,558,000 2.3 6,739,000 4.9 1998 276,154,000 1.2 137,673,000 1.0 67 .1 74.9 59.9 131,463,000 1.5 6,210,000 4.5 1999 279,328,000 1.1 139,368,000 1.2 67.1 74.7 60.0 133,488,000 1.5 5,880,000 4.2 2000 282,398,000 1.1 142,583,000 2.3 67.1 74.8 59.9 136,891,000 2.5 5,692,000 4.0 2001 285,225,000 1.0 143,734,000 0.8 6 6.8 74.5 59.8 136,933,000 0.0 6,801,000 4.7 2002 287,955,000 1.0 144,863,000 0.8 66.6 74.1 59.6 136,485,000 0.3 8,378,000 5.8 2003 290,626,000 0.9 146,510,000 1.1 66.2 73.5 59.5 137,736,000 0.9 8,774,000 6.0 2004 293,262,000 0.9 147,401,000 0.6 66.0 73.3 59.2 139,252,000 1.1 8,149,000 5.5 2005 295,993,000 0.9 149,320,000 1.3 66.0 73.3 59.2 141,729,000 1.8 7,591,000 5.1 2006 298,818,000 1.0 151,428,000 1.4 66.2 73.5 59.4 144,427,000 1.9 7,001,000 4.6 2007 301,696,000 1.0 153, 124,000 1.1 66.0 73.2 59.3 146,046,000 1.1 7,078,000 4.6 2008 304,543,000 10.9 154,281, 000 U .8 66.0 13.0 by.5 145, 363, 000 - U. 5 8,924,000 5.8 2009 307,240,000 0.9 154, 142,000 -0.1 65.4 72.0 59.2 139,877,000 -3.8 309,839,000 14,265,000 9 .3 2010 0.8 153,889,000 -0.2 64.7 71.2 58.6 139,064,000 -0.6 14,825,000 2011 312,295,000 0.8 153,617,000 -0.2 9.6 64.1 70.5 58.1 139,870,000 0.6 2012 314,725,000 0 .8 13,747,000 8.9 154,975,000 0.9 63.7 70.2 57.7 142,469,000 2013 317,099,000 0.8 155,389,000 1.9 12,506,000 8.1 0.3 63.2 69.7 57.2 2014 319,601,000 143,929,000 0.8 155,922,000 1.0 11,460,000 0.3 62.9 69.2 2015 57.0 7.4 322, 113,000 146,305,000 0.8 157,130,000 0.8 62.7 69.1 56.7 1.7 9,617,000 6.2 2016 324,609,000 0.8 148,834,000 159,187,000 1.3 62 .8 1.7 8,296,000 5.3 2017 69.2 56.8 326,860,000 0.7 160,320,000 151,436,000 0 .7 62.7 69 .1 2018 328,794,000 0.6 57.0 1.7 7,751,000 4.9 162,075,000 153,338,000 1.1 62.9 69.0 1.3 57.1 6,982,000 155,761,000 4.4 2019 330,513,000 0.5 163,539,000 0.9 62.7 1.6 6,314,000 3.9 2020 331,788,000 69.1 0.4 57.4 160,742,000 157,538,000 1.1 6,001,000 2021 - 1.7 332,351,000 61 .8 0.2 67.7 56.2 161,204,000 0.3 62.7 147,795,000 3.7 67.6 56.1 .6.2 12,947,000 2022 152,581,000 8 .1 333,595,000 0.4 164,287,000 1.9 62.7 70.3 3.2 58.1 8,623,000 158,373,000 5.3 3.8 5,914,000 3.6Table 1A GROSS DOMESTIC PRODUCT Nominal Real Per Capita Real Billions of Growth 2022 Growth 2022 Growth Year Dollars Rate ($Billions) Rate Dollars Rate 1929 104.6 1,412.4 11,589.0 1930 92.2 -11.9 1,292.3 8.5 10,490.3 -9.5 1931 77.4 -16.0 1,209.5 -6.4 9,742.3 -7.1 1932 59.5 -23.1 1,053.5 -12.9 8,431.4 -13.5 1933 57.2 -4.0 1,040.5 -1.2 8,278.0 -1.8 1934 66.8 16.9 1, 152.9 10.8 9, 115.1 10.1 1935 74.2 11.1 1,255.6 8.9 9,858.3 8.2 1936 84.8 14.3 1,417.3 12.9 11,057.3 12.2 1937 93.0 9.6 1,490.0 5 . 7 11,553.7 4.5 1938 87.4 -6.1 1,440.6 -3.3 11,084.2 -4.1 1939 93.4 7.0 1,556.2 8.0 11,877.0 7.2 1940 102.9 10.1 1,693.4 8.8 12,817.1 7.9 1941 129.3 25.7 1,993.4 17.7 14,942.8 16.6 1942 166.0 28.3 2,369.9 18.9 17,573.0 17.6 1943 203.1 22.4 2,773.3 17.0 20,281.9 15.4 1944 224.4 10.5 2,993.9 8.0 21,632.5 6.7 1945 228.0 1.6 2,964.6 -1.0 21, 186.5 -2.1 1946 227.5 -0.2 2,620.5 -11.6 18,534.2 -12.5 1947 249.6 9 .7 2,590.5 1.1 17,974.1 -3.0 1948 274.5 10.0 2,697.1 4.1 18,393.7 2.3 1949 272.5 0.7 2,681.9 -0.6 17,976.5 2.3 1950 299.8 10.0 2,914.8 8.7 19,216.5 6.9 1951 346.9 15.7 3, 149.4 8.0 20,412.3 6.2 1952 367.3 5.9 3,278.1 4.1 20,885.9 2.3 1953 389.2 6.0 3, 431.8 4.7 21,507.3 3.0 1954 390.5 0.3 3,412.0 -0.6 21,010.7 -2.3 1955 425.5 8.9 3,655.3 7.1 22, 116.7 5.3 1956 449.4 5.6 3,733.2 2.1 22, 192.5 0.3 1957 474.0 5.5 3, 811.8 2.1 22,255.9 0.3 1958 481.2 1.5 3,783.6 -0.7 21,727.3 1959 -2.4 521.7 8.4 4,046.0 6.9 22,842.0 5.1 1960 542.4 4.0 4, 150.1 2.6 22,959.3 1961 0.5 562.2 3.7 4,256.5 2.6 23, 165.7 1962 0.9 603.9 7.4 4,517.3 6.1 1963 24,209.8 4.5 637.5 5.6 4,714.0 4.4 24,902.5 1964 2.9 684.5 7.4 4,985.6 5.8 1965 25,976.7 742.3 4.3 3.4 5 , 309.6 6.5 1966 27,320.1 813.4 9.6 5.2 5,659.8 6.6 1967 28,788.6 860.0 5.7 5.4 5 , 815.0 2.7 1968 29,257.7 940.7 1.6 9.4 6, 100.9 4.9 1969 30,391.1 1,017.6 8.2 3.9 6,291.5 3.1 1970 1,073.3 31,033.0 5.5 2.1 6,303.2 1971 0.2 1, 164.9 30,734.1 8.5 -1.0 6,510.8 1972 3.3 1,279.1 31,348.4 9.8 2.0 6,853.2 1973 5.3 1,425.4 32,646.1 11.4 4.1 7,240.1 5.6 1974 1,545.2 34, 161.3 8.4 7,201.0 4.6 -0.5 33,665.5 -1.5 A-1Table 1B GROSS DOMESTIC PRODUCT Nominal Billions of Real Per Capita Real Growth Year 2022 Dollars Growth Rate 2022 Growth ($Billions) 1974 Rate Dollars Rate 1,545.2 1975 3.4 7,201.0 1,684.9 0.5 33,665.5 -1.5 9.0 1976 1,873.4 7,186.2 -0.2 33,272.3 -1.2 1977 11.2 7,573.4 2,081.8 5.4 34,726.6 4.4 11.1 1978 7,923.6 3.6 2,351.6 4.6 35,969.1 13.0 1979 8,362.2 2,627.3 5.5 37,561. 4.4 11.7 1980 8,626.9 2,857.3 3.2 38,323.9 2.0 8.8 1981 8,604.8 -0.3 37,785.7 -1.4 3,207.0 12.2 1982 8,823.2 2.5 38, 360.2 1.5 3,343.8 4.3 8,664.1 1983 -1.8 37,310.2 -2.7 3,634.0 8.7 1984 9,061.2 4.6 38,668.2 3.6 4,037.6 11.1 1985 9,717.0 7.2 41, 105.0 6.3 4,339.0 7.5 10, 122.1 1986 4.2 42,439.8 3.2 4,579.6 5.5 10,472.6 3.5 43,512.1 2.5 1987 4,855.2 6.0 3.5 1988 10,834.9 44,616.9 2.5 5,236.4 7.9 11,287.5 4.2 46,059.9 3.2 1989 5,641.6 7.7 11,702.0 3.7 47,302.5 2.7 1990 5,963.1 5.7 11,922.7 1.9 47,656.4 0.7 1991 6, 158. 3.3 11,909.8 -0.1 46,976.0 -1.4 1992 6,520.3 5.9 12,329.3 3.5 47,988.7 2.2 1993 6,858.6 5.2 12,668.6 2.8 48,672.7 1.4 1994 7,287.2 5.3 13, 179.0 4.0 50,023.8 2.8 1995 7,639.7 4.8 13,532.8 2.7 50,762.8 1.5 1996 8,073.1 5.7 14,043.3 3.8 52,067.4 2.6 1997 8, 577.6 6.2 14,667.8 4.4 53,736.6 3.2 1998 9,062.8 5 .7 15,325.1 4.5 55,494.9 3.3 1999 9,631.2 6.3 16,059.9 4.8 57,494.8 3.6 2000 10,251.0 5.4 16, 714.7 4.1 59, 188.4 2.9 2001 10,581.9 3.2 16,874.2 1.0 59, 161.1 0.0 2002 10,929.1 3.3 17, 160.4 1.7 59,594.0 0.7 2003 11,456.5 4.8 17,640.2 2.8 60,697.4 1.9 2004 12,217.2 6.6 18, 319.8 3.9 62,469.2 2.9 2005 13,039.2 6.7 18,958.0 3.5 64,048.6 2.5 2006 13, 815.6 6.0 19,485.5 2.8 65,208.6 1.8 2007 14,474.2 4.8 19,877.3 2.0 65,885.1 1.0 2008 14,769.9 2. 0 19,901.6 0. 1 65,348.9 -0.8 2009 14,478.1 -2.0 19,384.1 -2.6 63,091.2 -3.5 2010 15,049.0 3.9 19,909.2 2.7 64,256.7 1.8 2011 15,599.7 3.7 20,217.8 1.5 64,739.4 0.8 2012 16,254.0 4.2 20, 678.9 2.3 65, 704.7 1.5 2013 16,843.2 3.6 21,059.8 1.8 66,413.9 1.1 2014 17,550.7 4.2 21,541.6 2.3 67,401.5 1.5 2015 18,206.0 3.7 22, 124.6 2.7 68,685.8 2.7 22,493.5 1.7 1.9 2016 18,695. 1 69,294.2 2017 19,477.3 4.2 22,997.8 0.9 2.2 70,359.8 5.4 23,675.2 1.5 2018 20,533.1 2.9 72,006.1 21,381.0 4.1 24,218.4 2.3 2019 73,275.1 2.3 23,548.0 1.8 2020 21,060.5 -1.5 -2.8 70,973.1 23,315.1 10.7 24,948.3 5.9 -3.1 2021 75,066.2 2022 25, 462.7 9.2 25,462.7 2.1 76,328.2 5.8 1.7 A-1
