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To: expat_panama

All these percentages are basically meaningless. There have been such drastic changes in the denominators (Total World Manufacturing and US GDP) used to generate these percentages that the resulting percentages mean little.

For percentage comparisons to be meaningful, the denominator must have remained fairly consistent as to the ratios of the various elements which make up the denominator. The elements of these denominators has changed drastically over 60 or more years. Ex. the US had its first $100 billion budget under Kennedy. It’s now $3 trillion plus.

It would take a lot more analysis than a simple division of one element of GDP by total GDP to yield meaningful percentages because the denominators have changed so much.


31 posted on 10/05/2009 6:02:28 AM PDT by Will88
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To: Will88
these percentages are basically meaningless.

Are there any numbers you like?

35 posted on 10/05/2009 6:08:00 AM PDT by expat_panama
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To: Will88
There have been such drastic changes in the denominators (Total World Manufacturing and US GDP) used to generate these percentages that the resulting percentages mean little.

You have any data on these changes? Are you talking about products that are now counted as manufacturing that once were counted as something else?

52 posted on 10/05/2009 9:36:23 AM PDT by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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