By Cornelia J. Strawser
ISBN-10: 1598880780
ISBN-13: 9781598880786
Company information of the U.S. is a complete and useful choice of facts appropriate to the nation's monetary functionality due to the fact that global struggle II. It presents as much as seventy seven years of annual information in local, demographic, and business aspect for key symptoms similar to gross family product, own source of revenue, spending, saving, employment, unemployment, the capital inventory, and extra. This book a ways surpasses the commercial record of the President in offering historic information and worthy information regarding definitions, assets, equipment, and present statistical controversies which are crucial for realizing and evaluating financial measures.
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Additional resources for Business Statistics of the United States: Patterns of Economic Change
Example text
Tables 1-1, 19-1, 1-2, and 19-2) Figure 1-3. Percent Change in Current-Dollar and Real GDP, 1947–2005 16 Percent change, current dollars Percent change, real GDP 14 Percent 12 10 8 6 4 2 0 -2 1947 1950 1955 1960 1965 1970 1975 1980 1985 1990 1995 2000 2005 Year •The arithmetic scale used in Figure 1-2 seems to suggest ever-accelerating growth in GDP, but it should not be interpreted in this way. S. ) Figure 1-3 depicts the same data in the form of year-toyear percent changes. 5 percent, the average rate between the business cycle peak years of 1948 and 2000.
Chained measures are discussed more fully in the notes and definitions for Chapter 1, Chapter 2, and Chapter 8. The “Fisher Ideal” index, the “superlative” index, and the “Tornqvist formula” are all types of chained indexes that use weights for both periods under comparison. Detail may not sum to totals due to rounding. Since annual data are typically calculated by source agencies as the annual totals or averages of not-seasonally-adjusted data, they therefore will not be precisely equal to the annual totals or averages of monthly seasonally-adjusted data.
4 percent. 2 percent per year. 4 percent. (Tables 1-7 and 19-7) This value is charted in the figure above. It is graphed on a “ratio scale,” with equal vertical distances signifying equal percent changes. • The figure above indicates that growth is not always smooth or uninterrupted. There are times when output levels off or declines, marking the periods identified as recessions in economic activity. (Table 1-8 and the associated notes and definitions) • Measured in current dollars, the value of GDP rose even faster, reflecting increases in the average price level.