Economic Report of the President 1994 - The American Presidency ...

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POPULATION, EMPLOYMENT, WAGES, AND PRODUCTIVITY:PageB-32. Population by age group, 1929-93 305B-33. Population and the labor force, 1929-93 306B-34. Civilian employment and unemployment by sex and age, 1947-93 308B-35. Civilian employment by demographic characteristic, 1954-93 309B-36. Unemployment by demographic characteristics, 1954-93 310B-37. Civilian labor force participation rate and employment/populationratio, 1948-93 311B-38. Civilian labor force participation rate by demographic characteristic,1954-93 312B-39. Civilian employment/population ratio by demographic characteristic,1954-93 313B-40. Civilian unemployment rate, 1948-93 314B-41. Civilian unemployment rate by demographic characteristic,1950-93 315B-42. Unemployment by duration and reason, 1950-93 316B-43. Unemployment insurance programs, selected data, 1962-93 317B-44. Employees on nonagricultural payrolls, by major industry, 1946-93 318B-45. Hours and earnings in private nonagricultural industries, 1959-93 320B-46. Employment cost index, private industry, 1979-93 321B-47. Productivity and related data, business sector, 1947-93 322B-48. Changes in productivity and related data, business sector, 1948-93 323PRODUCTION AND BUSINESS ACTIVITY:B-49. Industrial production indexes, major industry divisions, 1947-93 .. 324B-50. Industrial production indexes, market groupings, 1947-93 325B-51. Industrial production indexes, selected manufactures, 1947-93 326B-52. Capacity utilization rates, 1948-93 327B-53. New construction activity, 1929-93 328B-54. New housing units started and authorized, 1959-93 330B-55. Business expenditures for new plant and equipment, 1947-94 331B-56. Manufacturing and trade sales and inventories, 1950-93 332B-57. Manufacturers' shipments and inventories, 1950-93 333B-58. Manufacturers' new and unfilled orders, 1950-93 334PRICES:B-59. Consumer price indexes for major expenditure classes, 1950-93 335B-60. Consumer price indexes for selected expenditure classes, 1950-93. 336B-61. Consumer price indexes for commodities, services, and specialgroups, 1950-93 338B-62. Changes in special consumer price indexes, 1958-93 339B-63. Changes in consumer price indexes for commodities and services,1929-93 340B-64. Producer price indexes by stage of processing, 1947-93 341B-65. Producer price indexes by stage of processing, special groups,1974-93 343B-66. Producer price indexes for major commodity groups, 1950-93 344B-67. Changes in producer price indexes for finished goods, 1955-93 346264
MONEY STOCK, CREDIT, AND FINANCE:PageB-68. Money stock, liquid assets, and debt measures, 1959-93 347B-69. Components of money stock measures and liquid assets, 1959-93.. 348B-70. Aggregate reserves of depository institutions and monetary base,1959-93 350B-71. Commercial bank loans and securities, 1972-93 351B-72. Bond yields and interest rates, 1929-93 352B-73. Total funds raised in credit markets by nonflnancial sectors,1984-93 354B-74. Mortgage debt outstanding by type of property and of financing,1940-93 356B-75. Mortgage debt outstanding by holder, 1940-93 357B-76. Consumer credit outstanding, 1952-93 358GOVERNMENT FINANCE:B-77. Federal receipts, outlays, surplus or deficit, and debt, selectedfiscal years, 1929-95 359B-78. Federal receipts, outlays, and debt, fiscal years, 1982-95 360B-79. Federal budget receipts, outlays, surplus or deficit, and debt, aspercentages of gross domestic product, 1934-95 362B-80. Federal and State and local government receipts and expenditures,national income and product accounts, 1959-93 363B-81. Federal and State and local government receipts and expenditures,national income and product accounts, by major type,1959-93 364B-82. Federal Government receipts and expenditures, national incomeand product accounts, 1976-93 365B-83. State and local government receipts and expenditures, nationalincome and product accounts, 1959-93 366B-84. State and local.government revenues and expenditures, selectedfiscal years, 1927-91 367B-85. Interest-bearing public debt securities by kind of obligation,1967-93 368B-86. Maturity distribution and average length of marketable interestbearingpublic debt securities held by private investors, 1967-93 369B-87. Estimated ownership of public debt securities by private investors,1976-93 370CORPORATE PROFITS AND FINANCE:B-88. Corporate profits with inventory valuation and capital consumptionadjustments, 1959-93 371B-89. Corporate profits by industry, 1959-93 372B-90. Corporate profits of manufacturing industries, 1959-93 373B-91. Sales, profits, and stockholders' equity, all manufacturing corporations,1952-93 374B-92. Relation of profits after taxes to stockholders' equity and toB-93.sales, all manufacturing corporations, 1947-93 375Sources and uses of funds, nonfarm nonfinancial corporate business,1947-93 376B-94. Common stock prices and yields, 1955-93 377B-95. Business formation and business failures, 1950-93 378265
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S : Sf:' ;: W^W't-^WW': ;, S 4 Si :
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unitedminds
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Economic Report of the PresidentTo
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the Technology Reinvestment Project
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formed health care system, increase
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CONTENTSPageCHAPTER 1. A STRATEGY F
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PageProviding Comprehensive Benefit
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LIST OF CHARTS—CONTINUEDPage3-5 L
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CHAPTER 1A Strategy for Growth and
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which have left consumers and busin
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that growth in both real compensati
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for inflation was on average roughl
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Box 1-2.—Saving, Investment, and
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investments in human capital; inves
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of the income distribution (Table 1
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Box 1-3.—Credible Deficit Reducti
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Chart 1-7 Correlation of Investment
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Box 1~4*~-A Balanced Budget Amendme
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This educational record is not good
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fallen markedly since the 1960s (Ch
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The development and deployment of n
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Earlier rounds of GATT talks had fo
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Chart 1-10 Projected Real Growth Ra
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are therefore on the public dole. M
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prise communities and be granted sm
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ingredient that should allow the ec
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Chart 2-2 National Defense Purchase
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Chart 2-3 Growth of U.S. Merchandis
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Chart 2-5 Households: Credit Market
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THE HEADWINDS ARE MOSTLY CALMINGAs
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1993, real consumer spending increa
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RESIDENTIAL INVESTMENTResidential i
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smallest annual increase in 20 year
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ments with the Internal Revenue Ser
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safe-harbor rules for underpayment
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Chart 2-9 Alternative Measures of t
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Meanwhile, the Mountain States were
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inflation is measured by the Blue C
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Saving, Investment, and Capital Acc
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the future should be reflected in l
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Chart 2-15 Dynamic Effects of Defic
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joyed healthy average real GDP grow
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Chart 2-16 Personal Income Taxes as
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TABLE 2-2.— Administration Foreca
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TABLE 2-3.— Accounting for Growth
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CHAPTER 3Trends and Recent Developm
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first quarter of 1991, nonfarm payr
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cause defense cutbacks have caused
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UNEMPLOYMENT AND NONEMPLOYMENTThe U
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Chart 3-3 Civilian Unemployment Rat
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Chart 3-6 Employment-to-Population
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Chart 3-8 Ratio of White-Collar to
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than would be expected given its hi
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that the natural rate is falling? M
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SLOW INCOME GROWTHIncome trends hav
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Chart 3-10 Average Annual Growth of
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Box 3-3.—Consequences of Producti
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likely that immigration could expla
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We do, however, know how many worke
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size. No data are available on vola
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BENEFITSOne of the concerns raised
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edented partnership to develop a nu
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CHAPTER 4Health Care ReformTHE UNIT
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make cost-conscious decisions. In a
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A third rationale for universal cov
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Box 4-1.—Moral Hazard and Adverse
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ies depending on one's health statu
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than people in other countries do,
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sumers are ill equipped to bring st
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By itself, the aging of the populat
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TABLE 4-3.- Sources and Uses of Hea
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about 65 to 70 cents for a typical
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THE ARCHITECTURE OF THE HEALTHSECUR
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etary savings for the Federal Gover
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contribution, within limits. Outsid
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salary income, payments from the em
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TABLE 4-6.—Caps on Premiums by Fi
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An example will illustrate the proc
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TABLE 4-9.—Sources and Uses of Fe
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Chart 4-9 Business Spending on Heal
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Health care reform should set the s
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and private sectors, addressing env
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Box 5-1.—Selected National Perfor
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Box 5-2*—Market PowerFirms are sa
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ate regulation. For example, State
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competitiveness of U.S. industry, a
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Box 5-4.—ExternalitiesAn external
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in the habitat of the spotted owl r
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CLIMATE CHANGE ACTION PLANCertain g
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eral, lays a foundation for broader
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The Administration's proposal seeks
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vances in technical know-how have a
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Investments in R&D are risky. Like
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1950s and 1960s, and American compa
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ico and Lawrence Livermore in Calif
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of industry. MOCs will be affiliate
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tiveness. Again, the hoped-for resu
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forts to cut the massive Federal bu
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TECHNOLOGY POLICY, GROWTH, ANDCOMPE
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mitment to an open international tr
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ses, which take such intersectoral
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An important sectoral development i
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TABLE 6-3.—Stock of U.S. Outward
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Page 224 and 225: TABLE 6-6.—Intrafirm Trade as Sha
Page 226 and 227: greater access to the Japanese mark
Page 228 and 229: the transparency of its trade regim
Page 230 and 231: that if the states of the former So
Page 232 and 233: Box 6-3.—Mexican Economic Reforms
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Page 238 and 239: Box 6-4.—The Asian "Miracle"Per c
Page 240 and 241: Box 6-5.—The Economic Impact of t
Page 242 and 243: development, and environmental clea
Page 244 and 245: THE TRADE POLICY AGENDABy lowering
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Page 250 and 251: Box 6-7.—Exchange-Rate Volatility
Page 252 and 253: Chart 6-5 French Franc-Deutsche Mar
Page 254 and 255: Besides bringing these endeavors to
Page 257 and 258: LETTER OF TRANSMITTALCOUNCIL OF ECO
Page 259 and 260: Report to the President on the Acti
Page 261 and 262: duction budget package, the North A
Page 263 and 264: Working Group studying cost-benefit
Page 265 and 266: prepares the Economic Indicators an
Page 267: Appendix BSTATISTICAL TABLES RELATI
Page 272 and 273: AGRICULTURE:PageB-96. Farm income,
Page 274 and 275: NATIONAL INCOME OR EXPENDITURETABLE
Page 276 and 277: TABLE B-2.—Gross domestic product
Page 278 and 279: TABLE B-3.—Implicit price deflato
Page 280 and 281: TABLE B-4.—Fixed-weighted price i
Page 282 and 283: TABLE B-5.—Changes in gross domes
Page 284 and 285: TABLE B-7.—Cross domestic product
Page 286 and 287: TABLE B-9.—Gross domestic product
Page 288 and 289: TABLE B-ll.—Gross domestic produc
Page 290 and 291: TABLE B-13.—Gross domestic produc
Page 292 and 293: TABLE B-15.—Personal consumption
Page 294 and 295: TABLE B-17.—Gross and net private
Page 296 and 297: TABLE B-19.—Inventories and final
Page 298 and 299: TABLE B-21.—Foreign transactions
Page 300 and 301: TABLE B-23.—Relation of gross dom
Page 302 and 303: TABLE B-25.—National income by ty
Page 304 and 305: TABLE B-26.—Sources of personal i
Page 306 and 307: TABLE B-27.—Disposition of person
Page 308 and 309: TABLE B-29.—Gross sating and inve
Page 310 and 311: TABLE B-31.—Median money income (
Page 312 and 313: TABLE B-33.—Population and the la
Page 314 and 315: TABLE B-34.—Civilian employment a
Page 316 and 317: TABLE B-36.—Unemployment by demog
Page 318 and 319: TABLE B-38.—Civilian labor force
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TABLE B-40.—Civilian unemployment
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TABLE B-42.—Unemployment by durat
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TABLE B-44.—Employees on nonagric
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TABLE B-45.—Hours and earnings in
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TABLE B-47.—Productivity and rela
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PRODUCTION AND BUSINESS ACTIVITYTAB
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TABLE B-51.—Industrial production
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TABLE B-53.—New construction acti
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TABLE B-54.—New housing units sta
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Year or monthTABLE B-56.—Manufact
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TABLE B-58.—Manufacturers' new an
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TABLE B-60.—Consumer price indexe
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TABLE B-61.—Consumer price indexe
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TABLE B-63.—Changes in consumer p
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TABLE B-64.—Producer price indexe
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TABLE B-66.—Producer price indexe
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TABLE B-67.—Changes in producer p
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TABLE B-69.—Components of money s
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TABLE B-70.—Aggregate reserves of
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TABLE B-72.—Bond yields and inter
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TABLE B-73.—Total funds raised in
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TABLE B-74.—Mortgage debt outstan
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TABLE B-76.—Consumer credit outst
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TABLE B-78.—Federal receipts, out
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TABLE B-79.—Federal budget receip
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TABLE B-81.—Federal and State and
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TABLE B-83.—State and local gover
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TABLE B-85.—Interest-bearing publ
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TABLE B-87.—Estimated ownership o
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TABLE B-89.—Corporate profits by
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TABLE B-91.—Sales, profits, and s
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TABLE B-93.—Sources and uses of f
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TABLE B-95.—Business formation an
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19481949195019511952195319541955195
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TABLE B-99.—Indexes of prices rec
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TABLE B-101.— Farm business balan
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TABLE B-103.—U.S. international t
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TABLE B-104.—U.S. merchandise exp
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TABLE B-106.—U.S. merchandise exp
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TABLE B-108.—Industrial productio
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TABLE B-110.—Foreign exchange rat
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NATIONAL WEALTHTABLE B-l 12.—Nati
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SUPPLEMENTARY TABLETABLE B-114.—S
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