Using the information in Figure 1A.2 on page 29, calculate the percentage change in Ford's auto sales from one year to the next. During which year did sales fall at the highest rate?
Figure 1A.2: Time-Series Graphs
(a) Time-series graph where the scale is not truncated

(b) Time-series graph with truncated scale

Transcribed Image Text:

Sales 8.0 (millions of automobiles) 7.0 6.0 5.0 4.0 3.0 2.0 1.0 0.0 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 Sales 7.5 (millions of automobiles) 7.0 6.5 6.0 5.5 5.0 4.5 0.0% 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 The slashes () indicate that the scale on the vertical axis is truncated, which means that some numbers are omitted. The numbers on the vertical axis jump from 0 to 4.5.