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The odd-wanting line on this graph is the one for home consumption of autos and parts as a fraction of GDP; the road starts to drop after 2002, solely reversing in 2010. It is odd to me as a result of a graph of US car sales is basically flat from 2001 to 2007 at between sixteen and 17 million automobiles per year. Reading off Stuart’s graph above, the gross consumption line begins at about 3.7% of GDP in 2001 and drops to around 2.eight% in 2007, so roughly a 25% drop. Looking at BEA Desk 1.1.5. US GDP rose 36% throughout that interval.
You possibly can see the rise in imports from a lot lower than 1% in the 1960s to about 2% of US GDP within the mid 2000s (till the nice recession hit). The other fascinating issue is that consumption of autos (as a fraction of the economic system) began a severe decline in the early 2000s. That is going to complicate the evaluation which I’ll take up once more in the next put up.
It was the easiest, most stress free thing I have executed. I used to be suprised at how fast and straightforward it was! I haven’t got any ideas my expertise was great Nick Cole was very helpful and listened to what we wanted. Mazda’s consummate sports … Read More ...Read More →