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7. Economic Issues <br /> <br />The Twin Cities area contains one of the largest business 'centers between <br />Chicago and the West Coast. The total employment in the region increased by <br />21% from 1970 to 1980 (9). Other economic indicators such as the Twin Cities <br />Consumer Price Inde× (CPI), unemployment rates, investment and personal <br />disposable income indicate that the region has been doing relatively well in <br />the past five years. TabLe 8 compares total personal income and income growth <br />between 1981 and 83 in the 25 largest metropolitan areas (in terms of 1980 <br />population) (10). The Tw£n Cities ranked 11th in income growth with an <br />increase of 15 percent. <br /> <br />Total personal income in Minnesota increased more between 1979 and 1985 than it <br />did nation-wider although population increased at a slower rate. Figure 3 <br />shows changes in real income per capita, with United States, Minnesota and Twin <br />Cities figures adjusted for inflation. The graph illustrates several things. <br />Minnesota income per capita remained above the U. S. average ~uring this period <br />and the Twin Cities per capita figures remained well above U. S. and state <br />figures. In constant dollars~ Twin Cities income per capita, showed a continued <br />but moderate decline through 1981, but a quicker upswing in 1983. This trend <br />is expected to continue in future. <br /> <br />16.0- <br />15.5- <br />15.0- <br />14.5- <br /> <br />14.0- <br />13.5- <br />13.0- <br /> <br />12.5- <br /> <br />Figure 3 <br /> <br />79 80 .~1 82 83 '84 85 <br /> Year <br /> <br />l0 <br /> <br /> <br />