### OTAQ Policy Case - GHGHD Combined - 12 May 2011 Percent change from base

2007 2008 2009 2010

Quantities or Values Real GDP 0.002% -0.001% -0.002% 0.002% Consumption 0.002% -0.002% -0.002% 0.002% Investment 0.002% -0.001% -0.003% 0.004% Government 0.000% 0.000% 0.000% 0.000% Exports 0.002% -0.001% -0.002% 0.004% Imports 0.000% 0.000% -0.001% 0.001%

Nominal GDP 0.000% 0.000% 0.000% 0.000%
Capital Stock 0.000% 0.000% 0.000% 0.000% Labor Demand (=Supply) 0.000% 0.000% 0.000% 0.000% Leisure Demand 0.000% 0.000% 0.000% 0.000% Full Consumption 0.001% -0.001% -0.001% 0.001% Composite of Consumption & Leisure

Prices GDP -0.002% 0.001% 0.002% -0.002% Full Consumption -0.001% 0.001% 0.001% -0.001% Consumption -0.002% 0.002% 0.002% -0.002% Investment -0.002% 0.001% 0.003% -0.003%

Equivalent Variations Infinite Time Horizon in Billions of $(2000) In Full Consumption $81 In Consumption $87



### Base Case Levels Real GDP, $(2000)Bn $11,686.4 $11,766.5$11,272.4$11,583.3 Consumption, $(2000)Bn $6,983.5 $7,187.1 $7,348.1 $7,547.5 Consumption/Household, $(2000) $60,023 $61,049 $61,693 $62,635 Households, Thousands 116346 117727 119108 120499


### Policy Case Changes Real GDP, $(2000)Bn $0.2 -$0.1 -$0.2 $0.2 Consumption, $(2000)Bn $0.1 -$0.1 -$0.1 $0.2 Consumption/Household, $(2000) $1 -$1 -$1 $1



### Base Case Levels Real GDP, $(2009)Bn $14,450.9 $14,549.9$13,938.9$14,323.4 Consumption, $(2009)Bn $8,498.9 $8,746.6 $8,942.6 $9,185.2 Consumption/Household, $(2009) $73,048 $74,296 $75,080 $76,226 Households, Thousands 116346 117727 119108 120499

### Policy

Case Levels Real GDP, $(2009)Bn $14,451.2 $14,549.8$13,938.6$14,323.7 Consumption, $(2009)Bn $8,499.0 $8,746.4 $8,942.4 $9,185.4 Consumption/Household, $(2009) $73,050 $74,294 $75,078 $76,228



### Quantities, $(2000)Bn 2007 2008 2009 2010



### Base Case Levels Real GDP 11686.4 11766.5 11272.4 11583.3 Consumption 6983.5 7187.1 7348.1 7547.5 Investment 2879.1 2727.4 2383.5 2398.4 Government 2132.0 2137.2 2052.1 2090.7 Exports 1143.3 1156.4 1113.2 1166.7 Imports 1451.1 1441.6 1621.7 1615.0


### Policy Case Levels Real GDP 11686.6 11766.4 11272.1 11583.6 Consumption 6983.6 7186.9 7348.0 7547.6 Investment 2879.1 2727.4 2383.4 2398.4 Government 2132.0 2137.2 2052.1 2090.7 Exports 1143.3 1156.4 1113.2 1166.8 Imports 1451.1 1441.6 1621.7 1615.0


### Differences (Policy-Base)

Real GDP, Chain-weighted 0.2 -0.1 -0.2 0.2 Real GDP, Component Sum 0.2 -0.2 -0.2 0.3 Consumption 0.1 -0.1 -0.1 0.2 Investment 0.1 0.0 -0.1 0.1 Government 0.0 0.0 0.0 0.0 Exports 0.0 0.0 0.0 0.0 Imports 0.0 0.0 0.0 0.0



### Table VIII - 1 GDP ($2009 Billion) Base Policy% Change Reference Case

HD Regulations 2015 $16,637.5 $16,637.2-0.002% 2020 $19,281.9 $19,281.1-0.004% 2030 $24,913.9 $24,913.1-0.003% 2040 $31,324.0 $31,324.9 0.003% 2050 $38,758.4 $38,757.6-0.002%

Table VIII - 2 Consumption ($2009 Billion) Base Policy% Change Reference Case

HD Regulations

### 2015 $10,373 $10,374 0.002% 2020 $11,733 $11,733 0.007% 2030 $15,126 $15,129 0.018% 2040 $19,109 $19,114 0.025% 2050 $23,573 $23,579 0.026%

Table VIII - 3 Consumption per Household ($2009) Base Policy% Change Reference Case

HD Regulations 2015 $81,331 $81,333 $2 2020 $87,202 $87,208 $6 2030 $102,039 $102,058 $18 2040 $117,422 $117,451 $29 2050 $133,188 $133,223 $352011 2012 2013 2014 2015 2016 2017 2018

0.000% -0.001% -0.001% -0.004% -0.002% -0.005% -0.004% -0.004% 0.001% -0.002% -0.001% -0.002% 0.002% 0.000% 0.003% 0.006% 0.000% -0.001% -0.001% -0.012% -0.009% -0.013% -0.012% -0.017% 0.000% 0.000% 0.000% 0.001% 0.001% 0.000% 0.000% 0.000% 0.000% -0.001% -0.001% -0.009% -0.011% -0.017% -0.021% -0.027% 0.001% 0.000% 0.001% -0.003% 0.001% 0.002% 0.004% 0.005%

0.000% 0.000% 0.000% 0.000% -0.001% -0.001% -0.002% -0.002%

0.000% 0.000% 0.000% 0.000% -0.001% -0.001% -0.002% -0.002% 0.000% 0.000% 0.000% 0.000% 0.000% 0.000% 0.000% 0.000% 0.000% 0.000% 0.000% 0.000% 0.000% 0.000% 0.000% 0.000% 0.000% -0.001% 0.000% -0.001% 0.001% 0.000% 0.001% 0.002%

0.000% 0.001% 0.001% 0.004% 0.001% 0.004% 0.002% 0.002% 0.000% 0.001% 0.000% 0.001% -0.001% 0.000% -0.001% -0.002% -0.001% 0.002% 0.001% 0.002% -0.002% 0.000% -0.003% -0.007% 0.000% 0.001% 0.001% 0.008% 0.005% 0.007% 0.005% 0.008%

$11,858.3$12,281.4$12,720.9$13,082.2$13,454.8$13,837.9$14,254.4$14,686.3 $7,748.1 $7,933.5 $8,128.1 $8,317.1 $8,523.8 $8,739.8 $8,954.4 $9,172.4 $63,565 $64,357 $65,194 $65,957 $66,829 $67,775 $68,680 $69,598 121893 123272 124676 126100 127546 128953 130380 131791

$0.0 -$0.1 -$0.1 -$0.5 -$0.3 -$0.7 -$0.6 -$0.6 $0.1 -$0.2 -$0.1 -$0.2 $0.2 $0.0 $0.3 $0.6 $1 -$1 -$1 -$1 $1 $0 $2 $4

$14,663.4$15,186.5$15,730.0$16,176.8$16,637.5$17,111.3$17,626.4$18,160.4 $9,429.4 $9,655.0 $9,891.8$10,121.9$10,373.4$10,636.2$10,897.5$11,162.8 $77,358 $78,322 $79,340 $80,269 $81,331 $82,481 $83,583 $84,701 121893 123272 124676 126100 127546 128953 130380 131791$14,663.4$15,186.4$15,729.9$16,176.2$16,637.2$17,110.4$17,625.7$18,159.7

$9,429.5 $9,654.8 $9,891.7$10,121.7$10,373.6$10,636.2$10,897.8$11,163.5 $77,359 $78,321 $79,339 $80,267 $81,333 $82,481 $83,585 $84,706

2011 2012 2013 2014 2015 2016 2017 2018

11858.3 12281.4 12720.9 13082.2 13454.8 13837.9 14254.4 14686.3 7748.1 7933.5 8128.1 8317.1 8523.8 8739.8 8954.4 9172.4 2405.3 2564.8 2682.0 2747.5 2819.3 2894.2 2986.2 3079.9 2134.2 2148.9 2217.7 2277.9 2342.8 2410.6 2483.0 2556.3 1220.4 1304.4 1383.0 1446.2 1511.6 1579.1 1653.8 1729.2 1639.9 1660.0 1679.0 1693.7 1728.3 1770.0 1810.7 1843.9

11858.3 12281.2 12720.7 13081.7 13454.5 13837.2 14253.9 14685.7 7748.2 7933.3 8128.0 8317.0 8524.0 8739.8 8954.7 9173.0 2405.3 2564.7 2682.0 2747.2 2819.1 2893.8 2985.9 3079.4 2134.2 2148.9 2217.7 2277.9 2342.9 2410.6 2483.0 2556.3 1220.4 1304.4 1383.0 1446.1 1511.4 1578.8 1653.5 1728.7 1639.9 1660.0 1679.1 1693.7 1728.4 1770.1 1810.7 1844.0

0.0 -0.1 -0.1 -0.5 -0.3 -0.7 -0.6 -0.6 0.1 -0.2 -0.1 -0.6 -0.2 -0.7 -0.5 -0.5 0.1 -0.2 -0.1 -0.2 0.2 0.0 0.3 0.6 0.0 0.0 0.0 -0.3 -0.3 -0.4 -0.4 -0.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -0.1 -0.2 -0.3 -0.3 -0.5 0.0 0.0 0.0 -0.1 0.0 0.0 0.1 0.12019 2020 2021 2022 2023 2024 2025 2026

-0.009% -0.004% -0.004% -0.003% -0.008% -0.003% -0.002% 0.000% 0.001% 0.007% 0.008% 0.011% 0.008% 0.013% 0.015% 0.019% -0.015% -0.010% -0.009% -0.007% -0.010% -0.004% -0.002% -0.001% 0.000% 0.001% 0.000% 0.000% -0.001% 0.000% 0.001% 0.001% -0.032% -0.031% -0.036% -0.038% -0.046% -0.044% -0.047% -0.047% 0.010% 0.014% 0.016% 0.018% 0.019% 0.022% 0.023% 0.025%

-0.003% -0.003% -0.004% -0.004% -0.004% -0.005% -0.006% -0.006%

-0.003% -0.004% -0.004% -0.005% -0.005% -0.005% -0.005% -0.005% 0.000% 0.000% 0.000% 0.000% 0.000% 0.000% 0.000% 0.000% 0.000% 0.000% 0.000% 0.000% 0.000% 0.000% 0.000% 0.000% 0.000% 0.002% 0.003% 0.004% 0.002% 0.004% 0.005% 0.006%

0.006% 0.001% 0.000% -0.001% 0.004% -0.002% -0.004% -0.006% 0.000% -0.002% -0.003% -0.004% -0.002% -0.004% -0.005% -0.006% -0.001% -0.007% -0.008% -0.012% -0.008% -0.014% -0.016% -0.020% 0.006% 0.000% -0.003% -0.006% -0.003% -0.010% -0.013% -0.014%

$15,131.9$15,593.3$16,064.8$16,477.0$16,903.5$17,345.9$17,793.4$18,248.6 $9,405.2 $9,640.6 $9,878.3$10,144.7$10,412.6$10,685.1$10,964.3$11,247.9 $70,622 $71,653 $72,695 $73,925 $75,142 $76,358 $77,587 $78,828 133177 134545 135888 137230 138572 139934 141316 142688

-$1.4 -$0.6 -$0.6 -$0.5 -$1.4 -$0.5 -$0.4 $0.0 $0.1 $0.7 $0.8 $1.1 $0.8 $1.4 $1.6 $2.1 $1 $5 $6 $8 $6 $10 $12 $15

$18,711.3$19,281.9$19,865.0$20,374.7$20,902.0$21,449.1$22,002.5$22,565.4 $11,446.1 $11,732.5$12,021.9$12,346.1 $12,672.0$13,003.7$13,343.5$13,688.6 $85,946 $87,202 $88,469 $89,966 $91,447 $92,928 $94,423 $95,933 133177 134545 135888 137230 138572 139934 141316 142688$18,709.7$19,281.1 $19,864.2$20,374.1 $20,900.4$21,448.5$22,002.0$22,565.4

$11,446.2$11,733.3$12,022.8$12,347.4$12,673.0$13,005.4$13,345.5$13,691.2 $85,947 $87,208 $88,476 $89,976 $91,455 $92,940 $94,437 $95,952

2019 2020 2021 2022 2023 2024 2025 2026

15131.9 15593.3 16064.8 16477.0 16903.5 17345.9 17793.4 18248.6 9405.2 9640.6 9878.3 10144.7 10412.6 10685.1 10964.3 11247.9 3180.7 3286.5 3393.4 3454.5 3521.2 3594.3 3667.8 3746.1 2633.0 2711.5 2789.9 2863.2 2938.7 3017.3 3097.5 3179.9 1806.9 1885.0 1962.3 2025.4 2088.1 2151.5 2213.5 2274.9 1892.9 1936.9 1974.7 2027.5 2074.8 2121.4 2170.3 2222.5

15130.5 15592.7 16064.1 16476.5 16902.1 17345.4 17793.0 18248.6 9405.3 9641.3 9879.1 10145.9 10413.4 10686.5 10965.9 11250.0 3180.2 3286.2 3393.1 3454.3 3520.8 3594.2 3667.7 3746.0 2633.0 2711.5 2789.9 2863.2 2938.6 3017.3 3097.5 3179.9 1806.3 1884.5 1961.6 2024.6 2087.2 2150.5 2212.4 2273.8 1893.1 1937.2 1975.1 2027.8 2075.2 2121.8 2170.8 2223.0

-1.4 -0.6 -0.6 -0.5 -1.4 -0.5 -0.4 0.0 -1.2 -0.5 -0.5 -0.3 -0.9 -0.2 0.1 0.5 0.1 0.7 0.8 1.1 0.8 1.4 1.6 2.1 -0.5 -0.3 -0.3 -0.2 -0.4 -0.1 -0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -0.6 -0.6 -0.7 -0.8 -1.0 -0.9 -1.0 -1.1 0.2 0.3 0.3 0.4 0.4 0.5 0.5 0.62027 2028 2029 2030 2031 2032 2033 2034

-0.003% -0.004% -0.001% -0.003% -0.003% -0.012% -0.003% -0.005% 0.015% 0.014% 0.019% 0.018% 0.019% 0.011% 0.020% 0.017% -0.003% 0.000% 0.003% 0.001% 0.001% -0.007% 0.001% 0.001% 0.001% 0.001% 0.002% 0.002% 0.001% -0.001% 0.001% 0.002% -0.048% -0.049% -0.052% -0.057% -0.060% -0.071% -0.062% -0.064% 0.024% 0.026% 0.025% 0.024% 0.024% 0.022% 0.024% 0.023%

-0.006% -0.006% -0.007% -0.007% -0.007% -0.006% -0.007% -0.007%

-0.005% -0.005% -0.004% -0.004% -0.004% -0.003% -0.004% -0.003% 0.000% 0.000% -0.001% 0.000% -0.001% 0.000% -0.001% 0.000% 0.000% 0.000% 0.000% 0.000% 0.000% 0.000% 0.000% 0.000% 0.005% 0.005% 0.006% 0.006% 0.006% 0.004% 0.007% 0.005%

-0.003% -0.002% -0.006% -0.004% -0.004% 0.006% -0.004% -0.002% -0.005% -0.005% -0.006% -0.006% -0.006% -0.004% -0.007% -0.005% -0.015% -0.014% -0.019% -0.018% -0.019% -0.011% -0.021% -0.017% -0.015% -0.017% -0.020% -0.019% -0.019% -0.011% -0.021% -0.022%

$18,711.8$19,185.2$19,659.8$20,147.8$20,647.0$21,131.8$21,617.6$22,115.0 $11,534.2$11,827.5$12,126.9$12,429.1 $12,739.5$13,057.3$13,376.9$13,702.9 $80,062 $81,322 $82,593 $83,845 $85,099 $86,379 $87,645 $88,927 144065 145441 146827 148239 149701 151163 152626 154091

-$0.6 -$0.8 -$0.2 -$0.6 -$0.6 -$2.5 -$0.6 -$1.1 $1.7 $1.7 $2.3 $2.2 $2.4 $1.4 $2.7 $2.3 $12 $11 $16 $15 $16 $10 $18 $15

$23,138.2$23,723.5$24,310.4$24,913.9$25,531.2$26,130.7$26,731.4$27,346.4 $14,037.0$14,394.0$14,758.4$15,126.2$15,503.8$15,890.7$16,279.6$16,676.4 $97,435 $98,968 $100,515 $102,039 $103,565 $105,122 $106,663 $108,224 144065 145441 146827 148239 149701 151163 152626 154091$23,137.5$23,722.5$24,310.1$24,913.1 $25,530.4$26,127.5$26,730.6$27,345.1

$14,039.1 $14,396.0$14,761.2$15,128.9$15,506.8$15,892.4$16,282.9$16,679.2 $97,450 $98,982 $100,534 $102,058 $103,585 $105,134 $106,685 $108,242

2027 2028 2029 2030 2031 2032 2033 2034

18711.8 19185.2 19659.8 20147.8 20647.0 21131.8 21617.6 22115.0 11534.2 11827.5 12126.9 12429.1 12739.5 13057.3 13376.9 13702.9 3825.3 3910.6 3995.2 4087.5 4182.9 4263.1 4343.7 4425.0 3262.9 3349.0 3435.7 3525.0 3615.7 3705.1 3795.7 3887.8 2334.1 2393.5 2450.6 2505.9 2559.7 2609.7 2659.1 2710.1 2267.4 2320.3 2375.1 2428.0 2480.2 2531.7 2584.7 2637.2

18711.3 19184.4 19659.6 20147.2 20646.4 21129.3 21617.0 22113.9 11535.9 11829.2 12129.2 12431.4 12741.9 13058.7 13379.6 13705.2 3825.2 3910.6 3995.3 4087.6 4182.9 4262.8 4343.7 4425.0 3263.0 3349.0 3435.8 3525.1 3615.7 3705.1 3795.7 3887.9 2333.0 2392.3 2449.3 2504.4 2558.2 2607.8 2657.4 2708.4 2268.0 2320.9 2375.7 2428.6 2480.8 2532.3 2585.4 2637.8

-0.6 -0.8 -0.2 -0.6 -0.6 -2.5 -0.6 -1.1 0.0 -0.1 0.6 0.3 0.4 -1.3 0.5 0.1 1.7 1.7 2.3 2.2 2.4 1.4 2.7 2.3 -0.1 0.0 0.1 0.0 0.0 -0.3 0.0 0.0 0.0 0.0 0.1 0.1 0.0 0.0 0.0 0.1 -1.1 -1.2 -1.3 -1.4 -1.5 -1.9 -1.6 -1.7 0.5 0.6 0.6 0.6 0.6 0.6 0.6 0.62035 2036 2037 2038 2039 2040 2041 2042

-0.008% 0.000% -0.002% 0.003% 0.003% 0.003% -0.002% 0.002% 0.013% 0.016% 0.016% 0.022% 0.024% 0.025% 0.020% 0.024% 0.001% 0.010% 0.007% 0.011% 0.013% 0.011% 0.009% 0.012% 0.002% 0.003% 0.003% 0.005% 0.006% 0.005% 0.005% 0.006% -0.066% -0.045% -0.049% -0.049% -0.054% -0.057% -0.063% -0.059% 0.023% 0.028% 0.026% 0.026% 0.024% 0.023% 0.021% 0.022%

-0.007% -0.007% -0.007% -0.008% -0.008% -0.008% -0.008% -0.008%

-0.003% -0.003% -0.002% -0.001% -0.001% 0.000% 0.001% 0.001% 0.000% 0.000% 0.000% -0.001% -0.001% -0.001% -0.001% -0.001% 0.000% 0.000% 0.000% 0.000% 0.000% 0.000% 0.000% 0.000% 0.004% 0.005% 0.005% 0.007% 0.008% 0.008% 0.007% 0.008%

0.001% -0.007% -0.005% -0.011% -0.011% -0.011% -0.006% -0.010% -0.004% -0.005% -0.005% -0.007% -0.008% -0.008% -0.007% -0.008% -0.014% -0.017% -0.016% -0.023% -0.025% -0.025% -0.021% -0.024% -0.021% -0.030% -0.027% -0.032% -0.035% -0.033% -0.031% -0.034%

$22,612.9$23,110.5$23,652.8$24,207.0$24,764.8$25,331.7$25,898.2$26,475.8 $14,031.2$14,360.0$14,688.1$15,022.3$15,359.7$15,701.8$16,049.1$16,409.5 $90,199 $91,472 $92,715 $93,971 $95,226 $96,485 $97,758 $99,092 155558 156987 158422 159860 161297 162738 164171 165599

-$1.8 $0.0 -$0.5 $0.7 $0.7 $0.8 -$0.5 $0.5 $1.8 $2.3 $2.4 $3.3 $3.7 $3.9 $3.2 $3.9 $12 $15 $15 $21 $23 $24 $20 $24

$27,962.1 $28,577.4$29,248.0$29,933.3$30,623.0$31,324.0$32,024.5$32,738.8 $17,075.8$17,476.0$17,875.3$18,282.0$18,692.7$19,109.0$19,531.6$19,970.3 $109,772 $111,321 $112,833 $114,362 $115,890 $117,422 $118,971 $120,594 155558 156987 158422 159860 161297 162738 164171 165599$27,959.9$28,577.4$29,247.4$29,934.2$30,623.9$31,324.9$32,023.8$32,739.4

$17,078.0$17,478.8$17,878.1$18,286.0$18,697.2$19,113.8$19,535.5$19,975.1 $109,786 $111,339 $112,851 $114,387 $115,918 $117,451 $118,995 $120,623

2035 2036 2037 2038 2039 2040 2041 2042

22612.9 23110.5 23652.8 24207.0 24764.8 25331.7 25898.2 26475.8 14031.2 14360.0 14688.1 15022.3 15359.7 15701.8 16049.1 16409.5 4505.3 4584.7 4689.9 4797.9 4904.9 5014.6 5120.7 5233.4 3980.6 4073.5 4172.9 4274.2 4377.3 4481.4 4584.7 4691.8 2760.2 2809.6 2866.6 2924.9 2982.5 3040.3 3097.4 3155.1 2690.1 2742.1 2795.4 2849.7 2903.8 2957.4 3011.5 3072.5

22611.1 23110.5 23652.4 24207.8 24765.5 25332.4 25897.6 26476.3 14033.0 14362.3 14690.4 15025.6 15363.4 15705.7 16052.3 16413.4 4505.4 4585.2 4690.3 4798.4 4905.6 5015.2 5121.1 5234.1 3980.6 4073.6 4173.1 4274.4 4377.5 4481.6 4584.9 4692.0 2758.4 2808.4 2865.2 2923.4 2980.9 3038.5 3095.4 3153.2 2690.7 2742.9 2796.1 2850.4 2904.5 2958.1 3012.1 3073.1

-1.8 0.0 -0.5 0.7 0.7 0.8 -0.5 0.5 -0.5 0.8 0.7 1.9 2.3 2.3 1.3 2.3 1.8 2.3 2.4 3.3 3.7 3.9 3.2 3.9 0.0 0.5 0.3 0.5 0.6 0.6 0.5 0.6 0.1 0.1 0.1 0.2 0.3 0.2 0.2 0.3 -1.8 -1.3 -1.4 -1.4 -1.6 -1.7 -2.0 -1.9 0.6 0.8 0.7 0.7 0.7 0.7 0.6 0.72043 2044 2045 2046 2047 2048 2049 2050

-0.003% -0.002% 0.000% -0.003% 0.009% -0.001% 0.005% -0.002% 0.023% 0.024% 0.028% 0.024% 0.030% 0.029% 0.035% 0.026% 0.004% 0.009% 0.010% 0.008% 0.019% 0.009% 0.015% 0.009% 0.004% 0.005% 0.007% 0.005% 0.009% 0.008% 0.009% 0.007% -0.073% -0.075% -0.075% -0.079% -0.047% -0.085% -0.077% -0.081% 0.017% 0.018% 0.017% 0.016% 0.024% 0.014% 0.016% 0.014%

-0.008% -0.009% -0.009% -0.009% -0.009% -0.009% -0.010% -0.009%

0.002% 0.002% 0.002% 0.003% 0.003% 0.004% 0.005% 0.005% -0.001% -0.001% -0.001% -0.001% -0.001% -0.001% -0.001% -0.001% 0.000% 0.000% 0.000% 0.000% 0.000% 0.000% 0.000% 0.000% 0.008% 0.008% 0.009% 0.008% 0.010% 0.009% 0.011% 0.008%

-0.005% -0.007% -0.009% -0.006% -0.018% -0.008% -0.015% -0.007% -0.008% -0.008% -0.009% -0.008% -0.010% -0.009% -0.011% -0.008% -0.024% -0.024% -0.028% -0.025% -0.030% -0.030% -0.035% -0.026% -0.028% -0.033% -0.036% -0.033% -0.044% -0.036% -0.042% -0.036%

$27,058.0$27,652.3$28,251.8$28,867.0$29,467.8$30,076.8$30,703.6$31,343.9 $16,767.4$17,134.5$17,502.3$17,871.2$18,244.3$18,616.1$18,991.0$19,369.8 $100,392 $101,726 $103,042 $104,344 $105,647 $106,920 $108,181 $109,440 167019 168437 169857 171272 172690 174113 175548 176990

-$0.8 -$0.6 $0.0 -$0.9 $2.7 -$0.3 $1.5 -$0.6 $3.9 $4.1 $4.9 $4.3 $5.5 $5.4 $6.6 $5.0 $23 $24 $29 $25 $32 $31 $38 $28

$33,458.7$34,193.6$34,934.8$35,695.6$36,438.6$37,191.6$37,966.6$38,758.4 $20,405.8$20,852.5$21,300.2$21,749.1 $22,203.1$22,655.7$23,111.9$23,573.0 $122,177 $123,800 $125,401 $126,986 $128,572 $130,121 $131,656 $133,188 167019 168437 169857 171272 172690 174113 175548 176990$33,457.7$34,192.9$34,934.8$35,694.5$36,441.8$37,191.2$37,968.5$38,757.6

$20,410.5$20,857.5$21,306.2$21,754.3$22,209.8$22,662.3$23,120.0$23,579.1 $122,205 $123,830 $125,436 $127,016 $128,610 $130,158 $131,702 $133,223

2043 2044 2045 2046 2047 2048 2049 2050

27058.0 27652.3 28251.8 28867.0 29467.8 30076.8 30703.6 31343.9 16767.4 17134.5 17502.3 17871.2 18244.3 18616.1 18991.0 19369.8 5351.4 5471.7 5596.5 5731.0 5856.3 5989.9 6134.3 6287.4 4799.8 4909.3 5020.2 5133.5 5245.4 5359.8 5477.0 5596.8 3212.4 3271.1 3329.4 3389.9 3447.5 3505.1 3565.1 3626.3 3132.6 3194.5 3257.2 3321.3 3386.3 3452.8 3521.0 3591.4

27057.2 27651.8 28251.8 28866.1 29470.5 30076.5 30705.1 31343.2 16771.2 17138.6 17507.2 17875.5 18249.7 18621.5 18997.6 19374.9 5351.6 5472.2 5597.0 5731.5 5857.4 5990.5 6135.2 6288.0 4800.0 4909.5 5020.5 5133.7 5245.9 5360.2 5477.5 5597.2 3210.1 3268.6 3326.9 3387.3 3445.8 3502.1 3562.4 3623.4 3133.2 3195.1 3257.8 3321.9 3387.1 3453.3 3521.6 3591.9

-0.8 -0.6 0.0 -0.9 2.7 -0.3 1.5 -0.6 1.4 1.8 2.8 1.8 4.6 2.9 4.8 2.6 3.9 4.1 4.9 4.3 5.5 5.4 6.6 5.0 0.2 0.5 0.6 0.5 1.1 0.5 0.9 0.6 0.2 0.2 0.4 0.3 0.5 0.4 0.5 0.4 -2.3 -2.5 -2.5 -2.7 -1.6 -3.0 -2.7 -2.9 0.5 0.6 0.6 0.5 0.8 0.5 0.6 0.5Average Annual Change 2014-2050

-0.002% 0.016% 0.001% 0.003% -0.051% 0.018%

-0.006%

-0.001% 0.000% 0.000% 0.005%

-0.004% -0.005% -0.017% -0.018%