Figure D
Slack investment follows from slack aggregate demand: Relationship between growth in nonresidential fixed investment and all other components of GDP, 1948–2016
| x | y |
|---|---|
| 16.7% | 6.6% |
| 13.7% | 7.5% |
| 9.1% | 7.5% |
| 4.8% | 5.5% |
| 1.7% | 2.1% |
| 3.4% | 1.7% |
| 1.4% | 0.5% |
| 2.4% | 2.1% |
| 0.2% | 3.0% |
| -6.1% | 2.1% |
| -9.4% | 3.2% |
| -12.5% | 0.4% |
| -6.3% | -2.3% |
| 2.7% | -0.9% |
| 9.2% | 1.0% |
| 13.0% | 4.1% |
| 8.8% | 8.0% |
| 9.2% | 9.3% |
| 7.7% | 6.0% |
| 3.2% | 4.2% |
| 3.2% | 4.6% |
| -1.8% | 1.5% |
| -1.0% | 2.5% |
| 1.7% | 0.7% |
| 5.1% | -0.5% |
| 8.5% | 2.0% |
| 9.1% | 3.3% |
| 9.3% | 6.6% |
| 5.8% | 7.5% |
| 4.0% | 6.5% |
| 4.4% | 5.6% |
| 6.0% | 4.1% |
| 9.4% | 3.5% |
| 11.3% | 3.8% |
| 10.5% | 4.7% |
| 11.0% | 4.7% |
| 10.2% | 5.7% |
| 15.0% | 5.7% |
| 16.5% | 4.9% |
| 16.9% | 4.6% |
| 19.0% | 4.4% |
| 16.5% | 4.4% |
| 14.3% | 5.1% |
| 11.8% | 7.2% |
| 7.5% | 7.5% |
| 1.4% | 6.6% |
| -0.5% | 5.4% |
| -2.0% | 4.2% |
| 0.1% | 3.1% |
| 4.7% | 3.0% |
| 3.8% | 3.4% |
| 5.4% | 3.1% |
| 6.1% | 3.8% |
| 5.7% | 5.8% |
| 8.0% | 5.4% |
| 9.0% | 4.9% |
| 5.6% | 4.4% |
| 2.2% | 2.5% |
| 0.5% | 2.2% |
| -1.5% | 1.7% |
| -4.2% | 0.1% |
| -2.7% | 0.2% |
| -0.7% | 0.7% |
| -0.6% | 0.4% |
| 4.8% | 3.6% |
| 7.3% | 3.8% |
| 7.6% | 3.6% |
| 8.6% | 4.4% |
| 11.7% | 3.0% |
| 12.8% | 5.0% |
| 15.0% | 5.1% |
| 15.1% | 6.3% |
| 10.7% | 6.9% |
| 6.2% | 5.2% |
| 2.1% | 3.5% |
| -0.5% | 3.2% |
| -3.8% | 0.0% |
| -8.9% | -0.4% |
| -11.1% | -0.6% |
| -9.0% | -1.6% |
| -5.3% | -1.3% |
| 2.2% | -0.4% |
| 5.9% | 2.3% |
| 7.0% | 3.8% |
| 7.8% | 6.7% |
| 9.5% | 6.2% |
| 11.0% | 4.7% |
| 10.8% | 3.9% |
| 12.0% | 2.4% |
| 9.0% | 3.6% |
| 14.8% | 5.1% |
| 16.3% | 4.1% |
| 16.5% | 3.5% |
| 18.0% | 5.1% |
| 9.3% | 3.9% |
| 8.8% | 5.4% |
| 5.6% | 5.0% |
| 4.4% | 1.7% |
| 0.1% | 1.4% |
| -2.3% | 0.6% |
| -0.4% | 1.0% |
| 0.7% | -0.8% |
| 7.1% | -1.4% |
| 8.7% | 0.2% |
| 8.9% | 2.2% |
| 4.3% | 2.5% |
| -0.8% | 3.8% |
| -6.0% | 0.2% |
| -10.0% | -3.4% |
| -8.9% | -1.0% |
| -4.5% | -1.9% |
| 2.8% | 0.2% |
| 11.1% | 3.4% |
| 15.9% | 4.7% |
| 19.4% | 6.3% |
| 18.1% | 7.4% |
| 14.0% | 7.5% |
| 11.8% | 6.3% |
| 8.3% | 5.3% |
| 3.9% | 4.4% |
| 3.3% | 3.5% |
| 1.2% | 3.0% |
| -2.2% | 4.4% |
| -2.2% | 4.5% |
| -3.1% | 4.7% |
| -4.4% | 4.7% |
| -0.4% | 4.0% |
| 3.7% | 3.9% |
| 2.6% | 3.8% |
| 5.7% | 4.0% |
| 5.9% | 3.3% |
| 3.6% | 4.8% |
| 5.2% | 4.1% |
| 6.0% | 4.3% |
| 5.1% | 4.3% |
| 7.1% | 3.7% |
| 4.7% | 4.1% |
| 4.4% | 3.6% |
| 1.7% | 3.5% |
| -0.3% | 2.5% |
| -0.8% | 2.7% |
| -4.0% | 2.6% |
| -3.3% | 2.0% |
| -4.8% | 0.9% |
| -3.3% | -0.4% |
| -1.8% | -0.1% |
| 2.1% | 0.6% |
| 4.6% | 1.9% |
| 7.4% | 3.5% |
| 8.7% | 3.4% |
| 7.3% | 3.7% |
| 6.6% | 4.0% |
| 7.6% | 2.6% |
| 7.8% | 2.2% |
| 7.3% | 1.8% |
| 8.2% | 2.0% |
| 8.6% | 2.9% |
| 11.4% | 3.8% |
| 10.8% | 3.8% |
| 9.7% | 3.6% |
| 7.6% | 2.4% |
| 6.3% | 1.3% |
| 8.1% | 1.8% |
| 10.7% | 1.5% |
| 11.3% | 2.1% |
| 11.1% | 3.5% |
| 10.4% | 3.2% |
| 11.9% | 3.5% |
| 10.0% | 3.6% |
| 10.9% | 3.4% |
| 12.2% | 3.6% |
| 9.0% | 3.6% |
| 11.3% | 3.7% |
| 10.3% | 2.8% |
| 9.5% | 3.4% |
| 10.9% | 4.0% |
| 8.3% | 4.0% |
| 9.8% | 3.9% |
| 10.4% | 3.6% |
| 8.5% | 4.1% |
| 8.4% | 3.3% |
| 3.9% | 4.5% |
| -1.7% | 3.4% |
| -4.0% | 2.0% |
| -7.0% | 2.1% |
| -8.2% | 1.4% |
| -7.3% | 1.3% |
| -6.6% | 1.4% |
| -5.0% | 3.0% |
| -2.8% | 2.8% |
| 1.0% | 3.6% |
| 3.6% | 3.1% |
| 6.3% | 2.3% |
| 4.9% | 2.2% |
| 4.7% | 3.2% |
| 5.5% | 4.1% |
| 6.2% | 4.4% |
| 8.6% | 4.2% |
| 7.8% | 3.2% |
| 6.8% | 2.7% |
| 5.0% | 3.0% |
| 7.7% | 2.8% |
| 7.5% | 2.9% |
| 6.8% | 2.8% |
| 7.0% | 2.6% |
| 4.9% | 2.3% |
| 5.7% | 1.5% |
| 6.0% | 1.7% |
| 7.1% | 0.7% |
| 5.4% | 1.1% |
| 2.8% | 1.8% |
| -1.4% | 1.1% |
| -8.5% | 0.5% |
| -15.0% | 0.6% |
| -17.5% | -0.1% |
| -16.2% | -1.8% |
| -11.7% | -1.6% |
| -4.2% | -2.0% |
| 1.8% | -1.3% |
| 5.1% | 1.4% |
| 8.1% | 2.4% |
| 6.9% | 2.9% |
| 6.2% | 2.8% |
| 9.0% | 2.1% |
| 9.2% | 1.3% |
| 12.5% | 1.1% |
| 12.2% | 0.2% |
| 6.8% | 0.8% |
| 5.3% | 1.5% |
| 3.6% | 1.2% |
| 2.3% | 1.8% |
| 3.4% | 0.7% |
| 4.8% | 1.0% |
| 5.3% | 0.9% |
| 6.2% | 1.5% |
| 7.7% | 2.4% |
| 5.1% | 1.2% |
| 3.7% | 1.9% |
| 2.5% | 2.2% |
| 1.4% | 2.1% |
| 0.9% | 3.3% |
| -0.3% | 3.1% |
| -0.5% | 2.4% |
| -1.2% | 2.0% |
| -0.4% | 1.9% |
| 1.1% | 1.5% |
| 1.2% | 1.9% |
Source: Data from tables 1.1.5 and 1.1.6 from the Bureau of Economic Analysis (BEA) National Income and Product Accounts (NIPA).
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