TABLE B–2.—Real gross domestic product, 1959–2004[Billions <strong>of</strong> chained (2000) dollars, except as noted; quarterly data at seasonally adjusted annual rates]Personal consumption expendituresGross private domestic investmentYear orquarterGrossdomesticproductTotalDurablegoodsNondurablegoodsServicesTotalTotalTotalFixed investmentNonresidentialResidentialStructuresEquipmentands<strong>of</strong>twareChangeinprivateinventories1959 ............... 2,441.3 1,554.6 .............. ................ .............. 266.7 .............. .............. .............. .............. ............ ..............1960 ............... 2,501.8 1,597.4 .............. ................ .............. 266.6 .............. .............. .............. .............. ............ ..............1961 ............... 2,560.0 1,630.3 .............. ................ .............. 264.9 .............. .............. .............. .............. ............ ..............1962 ............... 2,715.2 1,711.1 .............. ................ .............. 298.4 .............. .............. .............. .............. ............ ..............1963 ............... 2,834.0 1,781.6 .............. ................ .............. 318.5 .............. .............. .............. .............. ............ ..............1964 ............... 2,998.6 1,888.4 .............. ................ .............. 344.7 .............. .............. .............. .............. ............ ..............1965 ............... 3,191.1 2,007.7 .............. ................ .............. 393.1 .............. .............. .............. .............. ............ ..............1966 ............... 3,399.1 2,121.8 .............. ................ .............. 427.7 .............. .............. .............. .............. ............ ..............1967 ............... 3,484.6 2,185.0 .............. ................ .............. 408.1 .............. .............. .............. .............. ............ ..............1968 ............... 3,652.7 2,310.5 .............. ................ .............. 431.9 .............. .............. .............. .............. ............ ..............1969 ............... 3,765.4 2,396.4 .............. ................ .............. 457.1 .............. .............. .............. .............. ............ ..............1970 ............... 3,771.9 2,451.9 .............. ................ .............. 427.1 .............. .............. .............. .............. ............ ..............1971 ............... 3,898.6 2,545.5 .............. ................ .............. 475.7 .............. .............. .............. .............. ............ ..............1972 ............... 4,105.0 2,701.3 .............. ................ .............. 532.1 .............. .............. .............. .............. ............ ..............1973 ............... 4,341.5 2,833.8 .............. ................ .............. 594.4 .............. .............. .............. .............. ............ ..............1974 ............... 4,319.6 2,812.3 .............. ................ .............. 550.6 .............. .............. .............. .............. ............ ..............1975 ............... 4,311.2 2,876.9 .............. ................ .............. 453.1 .............. .............. .............. .............. ............ ..............1976 ............... 4,540.9 3,035.5 .............. ................ .............. 544.7 .............. .............. .............. .............. ............ ..............1977 ............... 4,750.5 3,164.1 .............. ................ .............. 627.0 .............. .............. .............. .............. ............ ..............1978 ............... 5,015.0 3,303.1 .............. ................ .............. 702.6 .............. .............. .............. .............. ............ ..............1979 ............... 5,173.4 3,383.4 .............. ................ .............. 725.0 .............. .............. .............. .............. ............ ..............1980 ............... 5,161.7 3,374.1 .............. ................ .............. 645.3 .............. .............. .............. .............. ............ ..............1981 ............... 5,291.7 3,422.2 .............. ................ .............. 704.9 .............. .............. .............. .............. ............ ..............1982 ............... 5,189.3 3,470.3 .............. ................ .............. 606.0 .............. .............. .............. .............. ............ ..............1983 ............... 5,423.8 3,668.6 .............. ................ .............. 662.5 .............. .............. .............. .............. ............ ..............1984 ............... 5,813.6 3,863.3 .............. ................ .............. 857.7 .............. .............. .............. .............. ............ ..............1985 ............... 6,053.7 4,064.0 .............. ................ .............. 849.7 .............. .............. .............. .............. ............ ..............1986 ............... 6,263.6 4,228.9 .............. ................ .............. 843.9 .............. .............. .............. .............. ............ ..............1987 ............... 6,475.1 4,369.8 .............. ................ .............. 870.0 .............. .............. .............. .............. ............ ..............1988 ............... 6,742.7 4,546.9 .............. ................ .............. 890.5 .............. .............. .............. .............. ............ ..............1989 ............... 6,981.4 4,675.0 .............. ................ .............. 926.2 .............. .............. .............. .............. ............ ..............1990 ............... 7,112.5 4,770.3 453.5 1,484.0 2,851.7 895.1 886.6 595.1 275.2 355.0 298.9 15.41991 ............... 7,100.5 4,778.4 427.9 1,480.5 2,900.0 822.2 829.1 563.2 244.6 345.9 270.2 −.51992 ............... 7,336.6 4,934.8 453.0 1,510.1 3,000.8 889.0 878.3 581.3 229.9 371.1 307.6 16.51993 ............... 7,532.7 5,099.8 488.4 1,550.4 3,085.7 968.3 953.5 631.9 228.3 417.4 332.7 20.61994 ............... 7,835.5 5,290.7 529.4 1,603.9 3,176.6 1,099.6 1,042.3 689.9 232.3 467.2 364.8 63.61995 ............... 8,031.7 5,433.5 552.6 1,638.6 3,259.9 1,134.0 1,109.6 762.5 247.1 523.1 353.1 29.91996 ............... 8,328.9 5,619.4 595.9 1,680.4 3,356.0 1,234.3 1,209.2 833.6 261.1 578.7 381.3 28.71997 ............... 8,703.5 5,831.8 646.9 1,725.3 3,468.0 1,387.7 1,320.6 934.2 280.1 658.3 388.6 71.21998 ............... 9,066.9 6,125.8 720.3 1,794.4 3,615.0 1,524.1 1,455.0 1,037.8 294.5 745.6 418.3 72.61999 .............. 9,470.3 6,438.6 804.6 1,876.6 3,758.0 1,642.6 1,576.3 1,133.3 293.2 840.2 443.6 68.92000 ............... 9,817.0 6,739.4 863.3 1,947.2 3,928.8 1,735.5 1,679.0 1,232.1 313.2 918.9 446.9 56.52001 ............... 9,890.7 6,910.4 900.7 1,986.7 4,023.2 1,598.4 1,629.4 1,180.5 306.1 874.2 448.5 −31.72002 ............... 10,074.8 7,123.4 959.6 2,037.4 4,128.6 1,560.7 1,548.9 1,075.6 251.6 826.5 470.0 11.72003 ............... 10,381.3 7,355.6 1,030.6 2,112.4 4,220.3 1,628.8 1,627.3 1,110.8 237.4 879.2 511.2 −.82004 p ............ 10,837.2 7,634.7 1,101.3 2,208.3 4,339.0 1,839.1 1,790.4 1,225.6 239.7 996.6 559.6 45.32000: I ............ 9,695.6 6,661.3 872.8 1,917.2 3,871.1 1,678.0 1,651.1 1,196.7 299.9 896.7 454.5 26.9II .......... 9,847.9 6,703.3 851.3 1,944.0 3,908.2 1,788.6 1,689.1 1,238.6 312.5 926.0 450.4 99.3III ......... 9,836.6 6,768.0 863.8 1,955.0 3,949.3 1,742.6 1,686.4 1,245.2 319.7 925.5 441.2 56.2IV ......... 9,887.7 6,825.0 865.4 1,972.7 3,986.8 1,732.7 1,689.4 1,247.9 320.6 927.3 441.6 43.52001: I ............ 9,875.6 6,853.1 879.5 1,975.2 3,997.9 1,670.3 1,678.2 1,234.4 313.8 920.8 444.0 −7.8II .......... 9,905.9 6,870.3 878.9 1,974.7 4,016.0 1,637.4 1,640.5 1,190.2 310.6 879.2 450.1 −2.5III ......... 9,871.1 6,900.5 885.6 1,986.5 4,027.8 1,592.6 1,621.9 1,169.3 315.1 852.9 452.1 −29.9IV ......... 9,910.0 7,017.6 958.7 2,010.3 4,051.2 1,493.4 1,577.0 1,128.2 284.9 843.8 447.8 −86.72002: I ............ 9,993.5 7,049.7 937.8 2,029.3 4,084.1 1,552.5 1,559.6 1,099.8 270.7 830.1 457.8 −7.4II .......... 10,052.6 7,099.2 947.8 2,033.2 4,119.7 1,553.7 1,545.9 1,072.4 253.9 820.6 470.3 7.9III ......... 10,117.3 7,149.9 979.3 2,030.2 4,143.8 1,569.2 1,546.6 1,069.5 243.0 829.8 473.6 22.7IV ......... 10,135.9 7,194.6 973.4 2,056.8 4,166.9 1,567.3 1,543.5 1,060.9 238.9 825.5 478.5 23.82003: I ............ 10,184.4 7,242.2 973.2 2,082.0 4,188.7 1,564.0 1,552.7 1,060.5 230.7 834.6 487.3 9.6II .......... 10,287.4 7,311.4 1,020.0 2,090.1 4,207.7 1,577.6 1,593.4 1,090.6 238.7 856.7 497.9 −17.6III ......... 10,472.8 7,401.7 1,059.6 2,125.3 4,227.9 1,659.4 1,660.6 1,131.1 237.9 899.7 523.8 −3.5IV ......... 10,580.7 7,466.8 1,069.7 2,152.0 4,256.7 1,714.1 1,702.7 1,161.0 242.4 925.6 535.9 8.62004: I ............ 10,697.5 7,543.0 1,075.5 2,187.3 4,291.7 1,764.5 1,721.4 1,173.0 237.7 943.7 542.5 40.0II .......... 10,784.7 7,572.4 1,074.7 2,188.0 4,320.0 1,842.9 1,778.3 1,207.9 241.7 975.5 563.6 61.1III ......... 10,891.0 7,667.8 1,118.3 2,213.2 4,352.4 1,853.9 1,816.1 1,245.3 241.0 1,015.6 565.9 34.5IV p ....... 10,975.7 7,755.4 1,136.6 2,244.7 4,391.8 1,895.1 1,845.7 1,276.3 238.5 1,051.5 566.3 45.8See next page for continuation <strong>of</strong> table.210
TABLE B–2.—Real gross domestic product, 1959–2004—Continued[Billions <strong>of</strong> chained (2000) dollars, except as noted; quarterly data at seasonally adjusted annual rates]Year orquarterNet exports <strong>of</strong> goodsand servicesNetexportsExports ImportsGovernment consumption expendituresand gross investmentTotalTotalFederalNationaldefenseNondefenseStateandlocalFinalsales <strong>of</strong>domesticproductGrossdomesticpurchases1Addendum:Grossnationalproduct2Percent changefrom precedingperiodGrossdomesticproductGrossdomesticpurchases11959 ......... .............. 77.2 101.9 714.3 ............ .............. ............ .............. 2,442.7 2,485.9 2,457.4 7.1 7.11960 ......... .............. 90.6 103.3 715.4 ............ .............. ............ .............. 2,506.8 2,529.6 2,519.4 2.5 1.81961 ......... .............. 91.1 102.6 751.3 ............ .............. ............ .............. 2,566.8 2,587.6 2,579.3 2.3 2.31962 ......... .............. 95.7 114.3 797.6 ............ .............. ............ .............. 2,708.5 2,751.4 2,736.9 6.1 6.31963 ......... .............. 102.5 117.3 818.1 ............ .............. ............ .............. 2,830.3 2,866.0 2,857.2 4.4 4.21964 ......... .............. 114.6 123.6 836.1 ............ .............. ............ .............. 2,999.9 3,023.2 3,023.6 5.8 5.51965 ......... .............. 117.8 136.7 861.3 ............ .............. ............ .............. 3,173.8 3,228.6 3,217.3 6.4 6.81966 ......... .............. 126.0 157.1 937.1 ............ .............. ............ .............. 3,364.8 3,450.3 3,423.7 6.5 6.91967 ......... .............. 128.9 168.5 1,008.9 ............ .............. ............ .............. 3,467.6 3,545.1 3,510.1 2.5 2.71968 ......... .............. 139.0 193.6 1,040.5 ............ .............. ............ .............. 3,640.3 3,727.5 3,680.0 4.8 5.11969 ......... .............. 145.7 204.6 1,038.0 ............ .............. ............ .............. 3,753.7 3,844.1 3,792.0 3.1 3.11970 ......... .............. 161.4 213.4 1,012.9 ............ .............. ............ .............. 3,787.7 3,837.4 3,798.2 .2 −.21971 ......... .............. 164.1 224.7 990.8 ............ .............. ............ .............. 3,893.4 3,974.2 3,927.8 3.4 3.61972 ......... .............. 176.5 250.0 983.5 ............ .............. ............ .............. 4,098.6 4,192.8 4,136.2 5.3 5.51973 ......... .............. 209.7 261.6 980.0 ............ .............. ............ .............. 4,315.9 4,399.1 4,383.6 5.8 4.91974 ......... .............. 226.3 255.7 1,004.7 ............ .............. ............ .............. 4,305.5 4,343.8 4,367.5 −.5 −1.31975 ......... .............. 224.9 227.3 1,027.4 ............ .............. ............ .............. 4,352.5 4,297.0 4,348.4 −.2 −1.11976 ......... .............. 234.7 271.7 1,031.9 ............ .............. ............ .............. 4,522.3 4,575.0 4,585.3 5.3 6.51977 ......... .............. 240.3 301.4 1,043.3 ............ .............. ............ .............. 4,721.6 4,818.5 4,800.3 4.6 5.31978 ......... .............. 265.7 327.6 1,074.0 ............ .............. ............ .............. 4,981.6 5,081.5 5,064.4 5.6 5.51979 ......... .............. 292.0 333.0 1,094.1 ............ .............. ............ .............. 5,161.2 5,206.8 5,240.1 3.2 2.51980 ......... .............. 323.5 310.9 1,115.4 ............ .............. ............ .............. 5,196.7 5,108.9 5,227.6 −.2 −1.91981 ......... .............. 327.4 319.1 1,125.6 ............ .............. ............ .............. 5,265.1 5,244.7 5,349.7 2.5 2.71982 ......... .............. 302.4 315.0 1,145.4 ............ .............. ............ .............. 5,233.4 5,175.1 5,249.7 −1.9 −1.31983 ......... .............. 294.6 354.8 1,187.3 ............ .............. ............ .............. 5,454.0 5,477.6 5,482.5 4.5 5.81984 ......... .............. 318.7 441.1 1,227.0 ............ .............. ............ .............. 5,739.2 5,951.6 5,869.3 7.2 8.71985 ......... .............. 328.3 469.8 1,312.5 ............ .............. ............ .............. 6,042.1 6,215.8 6,093.4 4.1 4.41986 ......... .............. 353.7 510.0 1,392.5 ............ .............. ............ .............. 6,271.8 6,443.6 6,290.6 3.5 3.71987 ......... .............. 391.8 540.2 1,426.7 ............ .............. ............ .............. 6,457.2 6,644.1 6,500.9 3.4 3.11988 ......... .............. 454.6 561.4 1,445.1 ............ .............. ............ .............. 6,734.5 6,857.9 6,775.2 4.1 3.21989 ......... .............. 506.8 586.0 1,482.5 ............ .............. ............ .............. 6,962.2 7,060.8 7,015.4 3.5 3.01990 ......... −54.7 552.5 607.1 1,530.0 659.1 479.4 178.6 868.4 7,108.5 7,161.6 7,155.2 1.9 1.41991 ......... −14.6 589.1 603.7 1,547.2 658.0 474.2 182.8 886.8 7,115.0 7,101.2 7,136.8 −.2 −.81992 ......... −15.9 629.7 645.6 1,555.3 646.6 450.7 195.4 906.5 7,331.1 7,338.9 7,371.8 3.3 3.31993 ......... −52.1 650.0 702.1 1,541.1 619.6 425.3 194.1 919.5 7,522.3 7,577.2 7,568.6 2.7 3.21994 ......... −79.4 706.5 785.9 1,541.3 596.4 404.6 191.7 943.3 7,777.8 7,911.3 7,864.2 4.0 4.41995 ......... −71.0 778.2 849.1 1,549.7 580.3 389.2 191.0 968.3 8,010.2 8,098.4 8,069.8 2.5 2.41996 ......... −79.6 843.4 923.0 1,564.9 573.5 383.8 189.6 990.5 8,306.5 8,405.7 8,365.3 3.7 3.81997 ......... −104.6 943.7 1,048.3 1,594.0 567.6 373.0 194.5 1,025.9 8,636.6 8,807.6 8,737.5 4.5 4.81998 ......... −203.7 966.5 1,170.3 1,624.4 561.2 365.3 195.9 1,063.0 8,997.6 9,272.5 9,088.7 4.2 5.31999 ......... −296.2 1,008.2 1,304.4 1,686.9 573.7 372.2 201.5 1,113.2 9,404.0 9,767.7 9,504.7 4.5 5.32000 ......... −379.5 1,096.3 1,475.8 1,721.6 578.8 370.3 208.5 1,142.8 9,760.5 10,196.4 9,855.9 3.7 4.42001 ......... −399.1 1,036.7 1,435.8 1,780.3 601.4 384.9 216.5 1,179.0 9,920.9 10,290.1 9,933.6 .8 .92002 ......... −472.1 1,012.3 1,484.4 1,857.9 646.6 414.6 232.0 1,211.4 10,063.2 10,544.6 10,101.7 1.9 2.52003 ......... −518.5 1,031.8 1,550.3 1,909.4 689.6 451.8 237.6 1,219.8 10,379.9 10,895.7 10,433.9 3.0 3.32004 p ....... −586.4 1,115.3 1,701.7 1,946.7 721.9 485.1 236.4 1,224.7 10,790.2 11,416.8 ................ 4.4 4.82000: I ...... −350.6 1,060.9 1,411.5 1,707.3 568.2 362.6 205.6 1,139.2 9,668.8 10,046.5 9,729.0 1.0 2.5II ..... −374.5 1,092.0 1,466.5 1,730.5 591.2 377.1 214.0 1,139.3 9,748.4 10,222.4 9,885.3 6.4 7.2III .... −395.6 1,120.0 1,515.6 1,721.5 578.6 369.9 208.7 1,142.9 9,780.4 10,232.1 9,867.8 −.5 .4IV ... −397.2 1,112.3 1,509.5 1,727.1 577.2 371.5 205.6 1,149.9 9,844.3 10,284.7 9,941.6 2.1 2.12001: I ...... −398.2 1,097.2 1,495.4 1,749.6 588.5 377.9 210.6 1,161.1 9,883.2 10,273.2 9,913.6 −.5 −.4II ..... −385.2 1,060.6 1,445.8 1,783.0 601.4 381.9 219.5 1,181.6 9,908.7 10,291.3 9,949.8 1.2 .7III ... −398.4 1,008.7 1,407.1 1,776.1 601.5 384.1 217.3 1,174.6 9,899.9 10,270.1 9,887.7 −1.4 −.8IV ... −414.5 980.3 1,394.9 1,812.7 614.2 395.6 218.6 1,198.5 9,992.3 10,325.6 9,983.1 1.6 2.22002: I ...... −444.9 991.6 1,436.5 1,833.5 626.4 401.3 225.2 1,207.2 10,000.4 10,437.7 10,017.2 3.4 4.4II ..... −458.1 1,017.8 1,475.9 1,853.4 645.5 412.3 233.2 1,208.0 10,044.9 10,508.9 10,068.9 2.4 2.8III ... −469.8 1,025.5 1,495.3 1,863.1 650.1 415.8 234.3 1,213.1 10,095.2 10,584.8 10,142.4 2.6 2.9IV ... −515.4 1,014.5 1,529.8 1,881.6 664.5 429.2 235.3 1,217.3 10,112.5 10,646.7 10,178.4 .7 2.42003: I ...... −511.7 1,010.6 1,522.3 1,882.5 665.0 426.2 238.8 1,217.7 10,173.3 10,692.0 10,220.3 1.9 1.7II ..... −525.2 1,006.5 1,531.7 1,915.3 699.0 462.3 236.5 1,216.3 10,302.5 10,808.1 10,330.8 4.1 4.4III ... −508.7 1,033.8 1,542.5 1,916.0 693.1 453.1 239.9 1,222.9 10,473.9 10,978.3 10,521.7 7.4 6.4IV ... −528.3 1,076.2 1,604.5 1,923.7 701.2 465.7 235.2 1,222.5 10,569.6 11,104.3 10,663.3 4.2 4.72004: I ...... −550.1 1,095.4 1,645.5 1,935.8 713.3 477.6 235.4 1,222.4 10,655.8 11,241.9 10,766.7 4.5 5.0II ..... −580.3 1,114.8 1,695.1 1,946.5 718.1 479.9 237.9 1,228.3 10,722.3 11,358.1 10,818.7 3.3 4.2III ... −583.2 1,131.1 1,714.3 1,949.9 726.6 491.5 234.7 1,223.2 10,854.7 11,467.4 10,926.5 4.0 3.9IV p .. −631.9 1,120.0 1,751.9 1,954.5 729.5 491.5 237.6 1,224.9 10,928.1 11,599.6 ................ 3.1 4.71Gross domestic product (GDP) less exports <strong>of</strong> goods and services plus imports <strong>of</strong> goods and services.2GDP plus net income receipts from rest <strong>of</strong> <strong>the</strong> world.Source: Department <strong>of</strong> Commerce, Bureau <strong>of</strong> <strong>Economic</strong> Analysis.211
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Economic Reportof the PresidentTran
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C O N T E N T SECONOMIC REPORT OF T
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ECONOMIC REPORT OF THE PRESIDENTTo
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the playing field is level for our
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LETTER OF TRANSMITTALCOUNCIL OF ECO
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Monetary Policy ...................
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Encouraging FDI ...................
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3-4. The Equivalence of Sales Taxes
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Real GDP expanded by 3.7 percent du
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Options for Tax ReformChapter 3, Op
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and better Nation for it. A compreh
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Innovation and the Information Econ
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ecause they do not expect family me
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The Administration has pushed aggre
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C H A P T E R 1The Year in Review a
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Consumer SpendingConsumer spending
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easons for this correlation are dis
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2003, a number of countries that to
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ProductivityRecent productivity gro
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The projected path of inflation as
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strengthen. The forecast is based o
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The growth rate of the economy over
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In sum, potential real GDP is proje
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C H A P T E R 2Expansions Past and
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The behavior of real GDP is similar
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of faltering may be attributable to
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most recent expansions have shown r
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middle of 2003. The more moderate r
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1.2 percent. Employment continued t
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SummaryModerate recessions are foll
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permanent cuts should permanently r
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and the Jobs and Growth Tax Relief
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Federal government revenues had bee
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Fiscal policy played an especially
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C H A P T E R 3Options for Tax Refo
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High Compliance CostsThe complexity
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a reasonable estimate is that a 10
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Excess BurdenBecause taxes distort
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Box 3-3 — continuedThe bottom 40
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more uniform or pure version of the
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of being collected all at once at t
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would have to differ from state tax
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owner claimed it was for business,
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The current set of saving incentive
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the current system. In addition, so
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C H A P T E R 4ImmigrationIn recent
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TABLE 4-1.— Foreign-Born Share of
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immigrants (also called illegal or
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largest group of immigrants was bor
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employment costs, including wage fl
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Chapter 4 | 103
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wages fall in response to immigrati
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immigrants from Latin America do re
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addition, as migrants leave the cou
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include siblings and adult children
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despite the tremendous growth in th
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The TWP would allow new foreign wor
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C H A P T E R 5Expanding Individual
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This phenomenon, known as the “tr
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producing more of that good. Simila
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In 2002, the President proposed “
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provide evidence of increased profi
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schools are four times as efficient
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low administrative costs, estimated
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Box 5-2: The Benefits of Land Title
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development plan designed by others
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C H A P T E R 6Innovation and theIn
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E-mail is the most common online ac
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Changed circumstances, such as new
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Illegal Acts on the InternetThe Int
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or develop new markets, which can l
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inflation factor for the price cap
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U.S. households connecting to local
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garbling their transmissions. To li
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from 51.3 percent in December 1999
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for their property rights. The Admi
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C H A P T E R 7The Global HIV/AIDS
- Page 155 and 156: Chart 7-1 Estimated HIV Infection L
- Page 157 and 158: There is no cure for HIV/AIDS, thou
- Page 159 and 160: AIDS is more damaging to a househol
- Page 161 and 162: and risk reduction have helped redu
- Page 163 and 164: only one price, the drug companies
- Page 165 and 166: Box 7-1 — continuedfocused on the
- Page 167 and 168: Box 7-2 — continuedenhancing coor
- Page 169 and 170: ConclusionThe United States and cou
- Page 171 and 172: Good Two. In Ricardo’s simple mod
- Page 173 and 174: The Impact of Trade on Labor Market
- Page 175 and 176: The U.S. Advantage in Services Trad
- Page 177 and 178: U.S. firms is associated with a cor
- Page 179 and 180: anked the second-best country out o
- Page 181 and 182: the Chinese government agreed to el
- Page 183 and 184: Trade LiberalizationTariffs and oth
- Page 185 and 186: ConclusionThe United States is the
- Page 187 and 188: LETTER OF TRANSMITTALCOUNCIL OF ECO
- Page 189 and 190: Report to the President on theActiv
- Page 191 and 192: The Council continued its efforts t
- Page 193 and 194: The Staff of the Council of Economi
- Page 195 and 196: John List and Ted Gayer provided co
- Page 197: Appendix BSTATISTICAL TABLES RELATI
- Page 200 and 201: PageB-32. Gross saving and investme
- Page 202 and 203: PageB-94. Relation of profits after
- Page 204 and 205: NATIONAL INCOME OR EXPENDITURETABLE
- Page 208 and 209: TABLE B-3.—Quantity and price ind
- Page 210 and 211: TABLE B-5.—Contributions to perce
- Page 212 and 213: TABLE B-6.—Chain-type quantity in
- Page 214 and 215: TABLE B-7.—Chain-type price index
- Page 216 and 217: TABLE B-8.—Gross domestic product
- Page 218 and 219: TABLE B-10.—Gross value added by
- Page 220 and 221: TABLE B-12.—Gross domestic produc
- Page 222 and 223: TABLE B-13.—Real gross domestic p
- Page 224 and 225: TABLE B-14.—Gross value added of
- Page 226 and 227: TABLE B-16.—Personal consumption
- Page 228 and 229: TABLE B-18.—Private fixed investm
- Page 230 and 231: TABLE B-20.—Government consumptio
- Page 232 and 233: TABLE B-22.—Private inventories a
- Page 234 and 235: TABLE B-24.—Foreign transactions
- Page 236 and 237: TABLE B-26.—Relation of gross dom
- Page 238 and 239: TABLE B-28.—National income by ty
- Page 240 and 241: TABLE B-29.—Sources of personal i
- Page 242 and 243: TABLE B-30.—Disposition of person
- Page 244 and 245: Year or quarterTABLE B-32.—Gross
- Page 246 and 247: TABLE B-33.—Median money income (
- Page 248 and 249: TABLE B-35.—Civilian population a
- Page 250 and 251: TABLE B-36.—Civilian employment a
- Page 252 and 253: TABLE B-38.—Unemployment by demog
- Page 254 and 255: TABLE B-40.—Civilian labor force
- Page 256 and 257:
TABLE B-42.—Civilian unemployment
- Page 258 and 259:
TABLE B-44.—Unemployment by durat
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TABLE B-46.—Employees on nonagric
- Page 262 and 263:
TABLE B-47.—Hours and earnings in
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Year orquarterTABLE B-49.—Product
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PRODUCTION AND BUSINESS ACTIVITYTAB
- Page 268 and 269:
Year ormonthTABLE B-53.—Industria
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Year or monthTABLE B-55.—New cons
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TABLE B-57.—Manufacturing and tra
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TABLE B-59.—Manufacturers’ new
- Page 276 and 277:
Year ormonthTABLE B-61.—Consumer
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TABLE B-62.—Consumer price indexe
- Page 280 and 281:
TABLE B-64.—Changes in consumer p
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TABLE B-65.—Producer price indexe
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TABLE B-67.—Producer price indexe
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TABLE B-68.—Changes in producer p
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TABLE B-70.—Components of money s
- Page 290 and 291:
TABLE B-71.—Aggregate reserves of
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TABLE B-73.—Bond yields and inter
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TABLE B-74.—Credit market borrowi
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TABLE B-75.—Mortgage debt outstan
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TABLE B-77.—Consumer credit outst
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TABLE B-79.—Federal receipts, out
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TABLE B-81.—Federal receipts, out
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TABLE B-83.—Federal and State and
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TABLE B-85.—State and local gover
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End of yearor monthTABLE B-87.—U.
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End of monthTABLE B-89.—Estimated
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TABLE B-91.—Corporate profits by
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TABLE B-93.—Sales, profits, and s
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YearComposite(Dec. 31,2002=5,000) 3
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YearAGRICULTURETABLE B-97.—Farm i
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TABLE B-99.—Farm output and produ
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Year ormonthTABLE B-101.—Agricult
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INTERNATIONAL STATISTICSTABLE B-103
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TABLE B-104.—U.S. international t
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TABLE B-106.—U.S. international t
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TABLE B-108.—Industrial productio
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TABLE B-110.—Foreign exchange rat
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TABLE B-112.—Growth rates in real
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