From an average annual rate of 13/4 percent in the late nineteenth and early twentieth century, it jumped to a 3-3/4 percent rate in the decade following World War I. Subsequently, productivity growth returned to a 1-3/4 percent pace.
yen  108 106 104  2  16 102 100 98  14  0 96  Consumption Activity Index (real)  Private residential investment (SNA, real)  94 92  -2  12  90  CY  10  11  12  13  14  15  16  CY 10  11  12  13  14  15  16  10 CY  11  12  13  14  15  16  Notes: 1.