1 Real GDP Growth in the United States 10 Percent change from 4 quarters Average growth earlier rate 3.5% 6 -4 1960 1965 1970197519801985 19901995 2000 CHAPTER 9 Introduction to Economic Fluctuations slide 3 slide 3 -4 -2 0 2 4 6 8 10 1960 1965 1970 1975 1980 1985 1990 1995 2000 Percent change from 4 quarters earlier Average growth rate = 3.5% 1