1. EXHIBIT 1 Hypothetical and Actual Business Cycles16
EXHIBIT 1 Hypothetical and Actual Business Cycles ( a ) H y p o t h e t i c a l b u s i n e s s c y c l e P e a k G r o w t h e n d l i R e a l G D P P e a k R e a l G D P p e r y e a r T r o u g h R e c o v r y s i n O n e b u s i c y l T m ( b ) A c t u a l b u s i n e s s c y c l e P e a k 6 , 8 5 R e a l G D P 6 , 6 6 , 3 5 6 , 1 R e a l G D P 5 , 8 5 ( b i l l i o n s o f E x p a n s i o 1 9 9 6 d o l l a r s ) 5 , 6 5 , 3 5 P e a k 5 , 1 4 , 8 5 T r o u g h 4 , 6 1 9 8 ’ 8 1 ’ 8 2 ’ 8 3 ’ 8 4 ’ 8 5 ’ 8 6 ’ 8 7 ’ 8 8 ’ 8 9 ’ 9 ’ 9 1 ’ 9 2 ’ 9 3 O n e b u s i c y l Y e a r

2. EXHIBIT 3 The Longest Economic Expansion in U.S. History16
EXHIBIT 3 The Longest Economic Expansion in U.S. History 9 , 6 P e a k 9 , 3 5 9 , 1 R e a l G D P 8 , 8 5 8 , 6 8 , 3 5 8 , 1 R e a l G D P 7 , 8 5 ( b i l l i o n s o f 1 9 9 6 d o l l a r s ) 7 , 6 7 , 3 5 E x p a n s i o 7 , 1 P e a k 6 , 8 5 6 , 6 6 , 3 5 6 , 1 1 9 8 9 ’ 9 ’ 9 1 ’ 9 2 ’ 9 3 ’ 9 4 ’ 9 5 ’ 9 6 ’ 9 7 ’ 9 8 ’ 9 9 2 Y e a r

3. 16
EXHIBIT 4 A Historical Record of Business Cycles in the United States, 1929–2000 A n u a l r e G D P g o w t h 2 1 5 1 L o n g - t e r m a v w h A n n u a l 5 r e a l G D P 3 g r o w t h r a t e ( p e r c e n t ) Z e r o g w t h – 5 – 1 – 1 5 ’ 2 9 ’ 3 ’ 3 5 ’ 4 ’ 4 5 ’ 5 ’ 5 5 ’ 6 ’ 6 5 ’ 7 ’ 7 5 ’ 8 ’ 8 5 ’ 9 ’ 9 5 2 Y e a r

4. EXHIBIT 5 International Comparison of Real GDP Growth Rates, 200016
EXHIBIT 5 International Comparison of Real GDP Growth Rates, 2000 6 . 9 % 7 6 5 4 . % 4 . 1 % R e a l G D P g r o w t h 4 3 . 4 % r a t e s 3 . 1 % 3 . 1 % 2 . 9 % ( p e r c e n t ) 3 1 . 5 % 2 1 M e x i c o C a n a d a U n i t e d F r a n c e G e r m a n y U n i t e d I t a l y J a p a n S t a t e s K i n g d o m C o u n t r y

5. EXHIBIT 7 Population, Employment, and Unemployment, 200016
EXHIBIT 7 Population, Employment, and Unemployment, 2000 T o t a l p u i n g e 1 6 d v r N o t i n l a b r f c e A m d s H u h w k S R P I z p D g C i v l a n b o r f c e U n e m p l o y d N w t r a s R - L j b Q u i f E m p l o y e s S f - d w r k 5 . 7 T o t a l c i v n p u g e 1 6 d r N b f C E m y U s ( ) P , 2 9 – 8 4 3 %
Source: Bureau of Labor Statistics, Current Population Survey, Table A-1.

6. EXHIBIT 8 The U.S. Unemployment Rate, 1929–200016
EXHIBIT 8 The U.S. Unemployment Rate, 1929–2000 2 5 2 U . S . u n e m p l o y m e n t r a t e 1 5 ( p e r c e n t ) 1 5 1 9 3 1 9 4 1 9 5 1 9 6 1 9 7 1 9 8 1 9 9 2 Y e a r

7. EXHIBIT 9 Unemployment Rates for Selected Nations, 200016
EXHIBIT 9 Unemployment Rates for Selected Nations, 2000 1 2 1 . 6 % 9 . 6 % 1 8 . 3 % 8 U n e m p l o y m e n t 5 . % 5 . 7 % r a t e 6 ( p e r c e n t ) 4 . 7 % 4 . % 4 2 U n i t e d J a p a n U n i t e d C a n a d a G e r m a n y F r a n c e I t a l y S t a t e s K i n g d o m C o u n t r y

8. EXHIBIT 10 Potential and Actual GDP, 1990–200016
EXHIBIT 10 Potential and Actual GDP, 1990–2000 9 , 6 9 , 2 A c t u a l R e G D P 8 , 8 P o t e n i a l R G D 8 , 4 B i l l i o n s o f 1 9 9 6 8 , d o l l a r s 7 , 6 7 , 2 6 , 8 6 , 4 1 9 9 ’ 9 1 ’ 9 2 ’ 9 3 ’ 9 4 ’ 9 5 ’ 9 6 ’ 9 7 ’ 9 8 ’ 9 9 2 Y e a r