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1963 Economics
Population: 177,830,000
Unemployment: 3,852,000
Average Salary: $4,743
Teacher's Salary: $5,174
Minimum Wage: $1.00
US GDP (1998 dollars): $617.4 billion
Federal spending: $111.32 billion
Federal debt: $310.3 billion
Consumer Price Index: 30.6
Unemployment: 5.5%
Cost of a first-class stamp: $0.04 ($0.05 as of 1/7/63)
| Item
|
1963
|
2002
|
| pack of chewing gum |
.05 |
.50 |
| candy bar |
.05 |
.60 |
| ice cream bar |
.15 |
.85 |
| Buster Brown shoes |
3 |
20 |
| tennis shoes |
5 |
40 |
| movie ticket |
.50 |
6.00 |
| popcorn at the movie |
.20 |
3.00 |
| soft drink |
.10 |
.75 |
| fast food hamburger |
.20 |
1.75 |
| 45 rpm (single) record |
1 |
6.00 |
| music album |
3.00 |
16.00 |
| gallon of gas |
.31 |
1.20 |
| 1st class postage |
.04 |
.37 |
| pay phone - local call |
.10 |
.35 |
| color TV set |
400 |
175 |
| transistor radio |
40 |
15 |
| daily newspaper |
.10 |
.50 |
| refrigerator |
500 |
1,000 |
| doctor's office visit |
5 |
60 |
| new home |
15,000 |
145,000 |
| new car |
2,500 |
21,000 |
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