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Protectionism - Germany

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Luke Kirchner Dr. Quillin  IB Econ 10 December 2021 what am i doing      Germany has imposed new tariffs on cars, particularly because of the pandemic. Because Germany is the largest car exporter in the world, you would think the demand for car imports in Germany is not that high. However, Germany was the 2nd highest importer of cars, with the total amount coming in at $75 Billion. In 2019, the average tariff for cars was 3.62%.  In 2020 however, the tariffs were raised to 4.3%. The effect on the consumer is substantial because it raises the price tag of the automobiles. They will then flock to the lower prices or domestic options, but could cause trouble. Now the surplus is down and they would be keeping their money or facing the higher prices.  DOMESTIC PRODUCERS: In theory, the domestic car produces would benefit by this by increasing production to Q3. There is a catch however. Tariffs were also imposed for auto parts, which in turn can effect the e...
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LRAS for Germany

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Luke Kirchner      According to UKessays.com, "Germany has its social market economy that is characterized by a highly qualified labor force, a developed infrastructure, large capital stock, low level of corruption and a high level of innovation". Germany is also a highly developing country, with technology at the forefront of its innovation. Over the course of the past 20 years, the GDP per hour worked has been slowly increasing in an upward trend. 2020 saw a minimal decline. This points to a gradual increase over time, showing that the quantity and quality of the factors of production are improving.  Germany's Birth Rate has decreased since the mid-1960s, however, has stayed pretty stagnant. Because the current level is near 1970, those babies are already working, so it's safe to say that this will not go down.  The current net migration rate for Germany in 2021 is  3.664  per 1000 population, a  20.9% decline  from 2020. The net migration ...
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EHC11 OECD Country Blog - GDP Stats

 https://docs.google.com/spreadsheets/d/1BN5WTtv6sQXPMWjqMDb83iHCYB5qbCVufUix63fAyt4/edit?usp=sharing I found these trends to be quite interesting. The GDP increases every year, however, 2020 put a halt on that. Germany had some of the toughest COVID lockdowns and restrictions. Germany has been doing well with unemployment rates. The inflation rate was a weird-looking graph as it dipped drastically up and down over time. The long-term GDP trend points to an increase over time. Some of the data in terms of the GDP growth didn't line up with the GDP trends. This could be a point of error because I used two different sources. Germans economy, through these graphs, showed to be pretty steady, however, sources say that they were in a recession. 
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