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Comparison of Personal Income 1969-1984: United States, West North Central Census Region and North Dakota

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Title: Comparison of Personal Income 1969-1984: United States, West North Central Census Region and North Dakota
Author: Dobitz, Clifford P.; Dobitz, Carol S.
Description: The article wanted to discover how the personal income of North Dakota residents compared with other states. The nature of personal income in the state of North Dakota was erratic than other states. This article presents and then analyzes the relative changes in personal income without regard to the causes for these changes or the differences in personal income growth rates. The differences in personal income growth rates between regions in North Dakota may be produced by various market forces. Lack of economic diversity in an area may add to it's volatility. The advent of the North Dakota energy market in the early 1970s resulted in the increase of economic activity in the state. Approximately 3% of the total national personal income was held by North Dakota in 1984. Much of the personal income for the state was derived through farming. This top heavy emphasis on farming was 10 times greater than the remainder of the United States.
Date: 1986
Subject: Economics
Permalink: http://hdl.handle.net/10365/8079

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