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ECONOMIC REPORT OF THE PRESIDENT

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3.4. Percent Gap Between Actual and Projected (Oct-2010):<br />

Cumulative Real GDP Growth between 2010 and 2015 ..........123<br />

3.i. Actual and Forecasted Working-Age Population by Region,<br />

1950-2070 .................................................126<br />

3.ii. Actual and Forecasted Dependency Ratios by Region, 1950-2070 ..126<br />

3.iii. Real GDP Growth and Demographic Trends, 1989-2013 .........127<br />

3.5. Current Account Balance as a Share of GDP, 2015 ..............129<br />

3.6. Real GDP, 2008-2015 ........................................131<br />

3.7. Percent Gap Between Actual and Projected (Oct-2010):<br />

Cumulative Real GDP Growth between 2010 and 2015 ..........132<br />

3.8. Euro Area Sovereign Interest Rate Spreads Over Germany,<br />

2007-2015 ..................................................132<br />

3.iv. U.S., European, and Chinese Volatility Indices ..................136<br />

3.v. U.S., European, and Chinese Stock Markets, 2015 ...............137<br />

3.9. Measures of Industrial Activity in China, 2011-2015 .............141<br />

3.10. China’s Foreign Exchange Rate and Trading Band, 2011-2015 .....141<br />

3.vi. Change in Commodity Futures Prices, June to December 2015 ....142<br />

3.vii. World Industrial Production and Commodity Prices, 2006-2015 ..143<br />

3.11. Brazil’s Current Account Balance ..............................145<br />

3.12. U.S. Trade in Goods, 1992-2015 ...............................146<br />

3.13. U.S. Trade in Services, 1992-2015 ..............................146<br />

3.14. Composition of U.S. Exports, 2015 ............................147<br />

3.15. Composition of U.S. Imports, 2015 ............................147<br />

3.16. China’s Foreign Exchange Rate and Trading Band, 2011-2015 .....149<br />

3.17. China’s Foreign Exchange Rate and Trading Band, 2011-2015 .....149<br />

3.18. China’s Foreign Exchange Rate and Trading Band, 2011-2015 .....150<br />

4.1. Cognitive and Non-Cognitive Skills SES Gaps are Mostly<br />

Established by Kindergarten ..................................157<br />

4.2. Official Poverty Rate for Households with Children by<br />

Householder Characteristic, 2014 ..............................158<br />

4.3. Likelihood of Scoring Very Low on Early Health Measures .......160<br />

4.4. Household Food Insecurity Rates, 2014 ........................161<br />

4.5. Disparities in Underlying Factors Behind Outcome Gaps .........162<br />

4.6. Likelihood of Scoring Very Low on Measures of Cognition at<br />

Age 5, 2006 .................................................163<br />

4.7. Achievement Gap is Largely Set by Age 5 .......................164<br />

4.8. Likelihood of Scoring Very Low on Behavioral Indexes at<br />

Age 5, 2006 .................................................165<br />

4.9. Mother’s Time Spent on Child Care by Educational Attainment,<br />

1965—2008 .................................................166<br />

4.10. High-Income Parents Spend More Time on Educational Activities<br />

with their Children, 2014 .....................................167<br />

4.11. Preschool Enrollment by Mother’s Education, 2014 ..............168<br />

4.12. Annual Cost of Juvenile Incarceration vs. Other Youth<br />

Investments ................................................175<br />

4.13. Low Birth Weight by Maternal Socioeconomic Status,<br />

1989—2011 .................................................177<br />

4.14. Increase in Income and Payroll Taxes Paid Through Age 28<br />

from an Additional Year of Medicaid Eligibility in Childhood,<br />

1996—2012 .................................................183<br />

Contents | 17

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