Investor Presentaiton

Overview of REMI PI+ Model Commodity Access Index Intermediate Input Productivity (1) Output and Demand State and Local Government Spending Investment (3) Population and Labor Supply Migration Output Exports (2) Labor and Capital Demand Optimal Capital Population Employment Stock Intermediate Inputs Consumption Real Disposable Income (5) Market Shares Participation Rate Labor Access Labor Force Index Labor Productivity Domestic Market Share International Market Share Employment Opportunity (4) Compensation, Prices, and Costs Compensation Rate Composite Compensation Rate Production Costs Housing Price Consumer Prices Real Compensation Rate Composite Prices September 23, 2014 2014 Revenue Estimation and Tax Research Conference 7

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