Econ Numbers 2025-26

40x

what factor has real output increased

4x

what factor has population increased

9x

what factor has average output per person increased

$65,000

average output per person

2/3

fraction of US production that is China’s total production

15%

% of US per capita output that is China’s

3.2%

% of US output per capita that is India’s

1.3%

how much did Michael Boskin say CPI overstated increase in cost of living per year

60,000

how many households does BLS survey every month

4

unemployed has no work in past week but actively tried to find paid employment in past __ weeks

260 mil

how many working-age people in US

160 mil

how many people in US labor force

61.4%

US labor force participation rate

143.5 mil

number of employed

16.3 mil

number of unemployed

10.2%

unemployment rate in 2020

3.4%

unemployment rate in 2019

12

how many regional banks in Fed

14 yrs

how long is the term for board of governors in Fed

7

how many governors of Fed in Federal Open Market Committee

5

how many regional bank presidents in FOMC

6 weeks

how often do FOMC meet

3

after WWII, how many recessions there has been longer than 12 months

1-3 yrs

how long short-run fluctuations usually are

2nd

California is __ in nation for share of electricity used in manufacturing

halve

nationwide electricity prices ___

78%

what % did electricity power US manufacturing

93

how many buildings in Ford’s River Rouge Plant

$780 to $360

price of Model T dropped from ___ to ___

1.42%

Robert Gordon said rate of productivity = ___ a year

5%

each worker became __ more productive each year

x2

high school graduation rates __ in Northeast

x4

high school graduation rates __ in Mid-Atlantic region

10% to 50%

graduation rates increased from __ in non-South to __ from 1910 to 1930

$480 to $681

national income per capita increased from __ to __ a year from 1900-1929

60%

what % of households had a car

4.5% to 9%

consumer debt to income ratio increased from __ to __ (x2) from 1919 to 1929

$8 bil to $27 bil

national mortgage debt increased from __ to __ from 1919 to 1927

47.1%

assets of building and loan associations increased at annual average rate of __ in Western states

25%

assets of building and loan associations nationwide increased __%

1925

what year was peak house prices

50%, 50%

stock prices increased by __% from 1926-1928, then increased by __% in 1929

30%

city level spending dropped __% during Great Depression

350,000 vs. 165,000

annual quota for Southeastern Europeans in 1921 vs. 1924

20%

tariff rate of 1932 (double of 1920 tariff rate)

4%

% of GDP that was net outlayed

19%

gov spending is __% of US GDP

80,000 to 850,000

numbers of tractors increased from __ to __ from 1918 to 1929

1/6

what fraction of American farms faced foreclosure

halved, halved

stock prices __ from 1929 to 1931, then __ from 1931-1932

25%

% decline in value of goods produced in Great Depression

50%

% decline in production in Great Depression

1%

firm investment drop to __% of GDP for new projects in Great Depression

55%

price of agricultural goods fell by __% in Great Depression

1/2

fraction of banks in 1929 that failed

1/3

what fraction of building and loans associations closed

1/3

total imports for 75 countries was __ of 1929 level

11%

% GDP fell in 1937 Recession

33%

Gross National Product was __% lower in 1939 than in pre-1929

$800 bil

how much money was Obama’s stimulus package

$700 bil

how much was spent purchasing assets from troubled banks in 2008