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The economic assumptions underlying the budget President Barack Obama submitted to Congress on Tuesday for the fiscal year 2015 beginning Oct. 1. Gross domestic product is in billions of dollars:
Projections | |||||
Actual 2012 | 2013 | 2014 | 2015 | 2016 | |
Gross Domestic Product | 16,245 | 16,768 | 17,544 | 18,454 | 19,432 |
% change from year before in actual dollars | 4.6 | 3.2 | 4.6 | 5.2 | 5.3 |
Consumer price index % change from the year before | 2.1 | 1.4 | 1.6 | 2.0 | 2.1 |
Unemployment rate ( | 8.1 | 7.5 | 6.9 | 6.4 | 6.0 |
Interest rate on 91-day Treasury bills ( | 0.1 | 0.1 | 0.1 | 0.3 | 1.2 |
Interest rate on 10-year Treasury notes ( | 1.8 | 2.3 | 3.0 | 3.5 | 4.0 |
Source: Fiscal 2015 Budget of the United States, White House Office of Management and Budget.
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