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Figure 1.1 Real GDP per Person in the U.S. Economy Mankiw: Macroeconomics, Ninth Edition

Figure 1.1 Real GDP per Person in the U.S. Economy Mankiw ...academics.hamilton.edu/economics/cgeorges/macro-theory-files/jan... · Figure 1.1 Real GDP per Person in the U.S. Economy

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Figure 1.1 Real GDP per Person in the U.S. Economy

Mankiw: Macroeconomics, Ninth Edition

10000

100000

1000000

10000000

18

20

18

26

18

32

18

38

18

44

18

50

18

56

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62

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68

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74

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80

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86

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92

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98

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04

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00

real gdp

Air traffic 1 and 2

https://www.youtube.com/watch?v=yx7_yzypm5w

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1860 1880 1900 1920 1940 1960 1980 2000 2020 2040

Pri

ce-E

arn

ings

Rat

io (

CA

PE,

P/E

10

)

CAPEPrice-EarningsRatio

2000

1981

1929

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33.19

1966

AverageCAPE