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On the following 6 pages, we would again like you to imagine you are looking backward at past economic growth over a four-year period.

You will see figures with measurements of how much better off people were in two different years of this four-year period. The measurements shown are again personal income growth: the percentage by which the average person’s income increased in a given year.

You will be asked to choose which combination of economic growth in a two-year period you think was best. As you will see, there is a trade-off: As growth went down for one year, it went up for the other. Each screen asks about a different pair of years – please pay close attention to which two of the four past years you are asked to consider.

Here’s an example:

The example shows combinations of growth in the second year and the fourth year of the four-year period. There are six different options to choose from. For example, the leftmost response button combines 2 percent growth in the second year and 0 percent growth in the fourth (more recent) year. The rightmost button combines 0 percent growth in the second year and 2.5 percent growth in the fourth year.

In this example, the person making the decision thought that 1.2 percent growth in the second year and 1 percent in the more recent fourth year was the best economy overall, and therefore marked the third button from the left.

Remember, you are choosing between pairs of past economic growth, so the fourth year was more recent than the second year of the period.

To start the task, click “next”.



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