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On the following 8 pages, we would like you to imagine you are looking backward at past economic growth
over a four-year period.
You will see figures with the measurements of how much better off people were in each year of this four-year
period. The measurements
shown are personal income growth: the percentage by which the average person’s income increased
in each year. This provides a good measure of how strong the national economy was.
After looking at a figure, you’ll be asked to evaluate economy growth during this period. Would you say the
national economy was very good, fairly good, fairly bad, or very bad?
Here’s an example: