Changes in real GDP and other major economic indicators during different periods of the post-war period in the USA
| Period | Real GDP (annual average compound rate of growth) | Gross private domestic investment (annual average compound rate of growth) | Productivity of labor (annual average compound rate of growth) | Unemployment rate (annual average unemployment rate) |
|---|---|---|---|---|
| 1950–1973 | 4.2 | 5.7 | 2.8 | 4.8 |
| 1974–1982 | 2.0 | 0.5 | 0.9 | 7.2 |
| 1983–2007 | 3.4 | 4.7 | 2.3 | 5.8 |
| 2008–2016 | 1.3 | 0.7 | 1.1 | 7.3 |
| Period | Real GDP (annual average compound rate of growth) | Gross private domestic investment (annual average compound rate of growth) | Productivity of labor (annual average compound rate of growth) | Unemployment rate (annual average unemployment rate) |
|---|---|---|---|---|
| 1950–1973 | 4.2 | 5.7 | 2.8 | 4.8 |
| 1974–1982 | 2.0 | 0.5 | 0.9 | 7.2 |
| 1983–2007 | 3.4 | 4.7 | 2.3 | 5.8 |
| 2008–2016 | 1.3 | 0.7 | 1.1 | 7.3 |
Notes: Calculation basis: the change rate of real GDP in the US: Bureau of Economic Analysis of US Department of Commerce (May 26, 2017): gross domestic product: percent change from preceding period; the rate of change in private domestic total investment: Bureau of Economic Analysis of US Department of Commerce (June 29, 2017). Table 1.1.1. Percent change from preceding period in real gross domestic product; the change rate of productivity of labor: Bureau of Labor Statistics, US Department of Labor (June 5, 2017): labor productivity (output per hour): non-farm business sector, all employed persons, percent change from previous quarter at annual rate. Unemployment rate: Bureau of Labor Statistics (February 8, 2017: employment status of the civilian noninstitutional population, 1946 to date)
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