Comments

  • avocadia . # .
    Intermediate imports and CAD graph:

    A definition of Intermediate input . I am extrapolating to assume an intermediate import is such an input that has been imported. I further assume that the difference between that and a consumption import is that the latter isn\'t used to produce anything.

    I see a brief period in the early 70s where the current account deficit was a misnomer, but after that it\'s downhill, gently at first and then somewhat precipitously. I guess the big dump post-2001 is the result of oil prices going through the roof, but I\'m not an economist either and my lack of economist mojo makes me wonder why the CAD crashed after 2001 when exports and import graphs didn\'t also crash or jump respectively.