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Economics 102 Introduction

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Presentation on theme: "Economics 102 Introduction"— Presentation transcript:

1 Economics 102 Introduction
Michael Smitka Winter 2009 Washington & Lee University

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20 Year US Nominal GDP US Real GDP 1929 103.6 865.2 1933 56.4 635.5 1935 73.3 766.9 1940 101.4 1,034.1 1945 223.1 1,786.3 1950 293.8 1,777.3 1955 414.8 2,212.8 1960 526.4 2,501.8 1965 719.1 3,191.1 1970 1,038.5 3,771.9 1975 1,638.3 4,311.2 1980 2,789.5 5,161.7 1985 4,220.3 6,053.7 1990 5,803.1 7,112.5 1995 7,397.7 8,031.7 2000 9,817.0 2005 12,421.9 10,989.5 2008q3 14,412.8 11,712.4 Current Dollars Chain-weighted US $ billions


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