IEA Pocket Charts: Panel 18

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Panel 18
Growth Series -- Absolute Values
(Money Stock and Turnover, GNP, Industrial Production, Prices, Labor Force)
(Growth rates and ratios for these are available: Money Stock and Turnover, GNP, Industrial Production, and Prices)

1. Final Sales adjustment Includes normal (Capacity-GNP) inventory investment
   
2. With IEA supplemental seasonal adjustment

If a chart line is parallel to a given %-line on the growth rate protractor, the series represented by that chart line is growing at the given percentage rate.

General notes

This is one of 20 regular and a dozen periodic chart panels taken as a sample from the final issue -- December 1979 -- of the initial series of IEA Pocket Charts. The compact and analytically advanced economic charts feature the following analytical features:

1. "Flat horizontal" presentation, as growth rates or ratios to GDP -- to facilitate comparisons of different time periods and series
2. Fluctuations shaded to "normal" lines -- made possible by such presentation
3. Smoothing -- quarterly centered moving averages to eliminate "zig-zag noise"
4. Economic conditions displayed for context as vertical bands or lines (see Economic Fluctuations Viewed in Growth Perspective for definitions of these terms), clearly illustrated in chart Panel 1:
   • recessions by light shading
   • periods of stagnation by stippling
   • absolute "contractions" (as defined by the National Bureau of Economic Research (NBER)) by dashed lines