1. E) CONGRESSIONAL BUDGET OFFICEThe Economic Ouilook for 2014 In 2024 in 15 SlidesAugust 2014For more details,see www. cbo. gov/ publiccnon/45653.

2. CBOEconomic Growth and Its Sources 3. Real GillPercentage Change6 9 Actual j Projeded -41999 2004 2009 2014 2019 2024CBO projects that the growth of real (intlationadjusted) GDP will increase after this year,to an annual average rate of 3.4 percent from the fourth quarter ot 2014 through the fourth quarter of 2016, before moderating in subsequent years. Note:Values trom 1999 through 2013the thin lineretlect revisions to the national income and product accounts that the Bureau of Economic Analysis made on July 30, 2014. Values tram 2013 through 2024the thick lineretlect the data available and projections made before July 30. 2 4. CBOContributions to the Growth of Real GDPPercentage Points1 Addition to Growth in 2015 09 Compared to 2014Business Investment Consumer Spending More rapid growth in business investment and consumer spending will significantly boost economic growth in 2015, CBO projects. 5. CBOCapital ServicesPercentage Change 7 _Actual 1 Projected 10 I I I I I 1954 1964 1974 1984 1994 2004 2014 2024Over the next tew years,business investment is likely to grow more rapidly as the ettects of weak demand for goods and services tade,boosting businesses incentive to increase capital services. 6. CBOReal Compensation of EmployeesPercentage Change6 1 / -(lI1(]l l fII>j