TABLE B–85.—State and local government current receipts and expenditures, national income andproduct accounts (NIPA), 1959–2004[Billions <strong>of</strong> dollars; quarterly data at seasonally adjusted annual rates]Current receiptsCurrent expendituresYear orquarterTotalTotalCurrent tax receiptsSubsidiesPersonalcurrenttaxesTaxesonproductionandimportsTaxesoncorporateincomeIncomereceiptsonassetsCurrenttransferreceipts1Currentsurplus<strong>of</strong>governmententerprisesTotal 2ConsumptionexpendituresGovernmentsocialbenefitpaymentstopersonsContributionsforgovernmentsocialinsuranceInterestpaymentsNetStateandlocalgovernmentsaving1959 ....... 40.6 33.8 3.8 28.8 1.2 0.4 1.1 4.2 1.1 36.9 30.7 4.3 1.8 0.0 3.81960 ....... 44.5 37.0 4.2 31.5 1.2 .5 1.3 4.5 1.2 40.2 33.5 4.6 2.1 .0 4.31961 ....... 48.1 39.7 4.6 33.8 1.3 .5 1.4 5.2 1.3 43.8 36.6 5.0 2.2 .0 4.31962 ....... 52.0 42.8 5.0 36.3 1.5 .5 1.5 5.8 1.4 46.8 39.0 5.3 2.4 .0 5.21963 ....... 56.0 45.8 5.4 38.7 1.7 .6 1.6 6.4 1.6 50.3 41.9 5.7 2.7 .0 5.71964 ....... 61.3 49.8 6.1 41.8 1.8 .7 1.9 7.3 1.6 54.9 45.8 6.2 2.9 .0 6.41965 ....... 66.5 53.9 6.6 45.3 2.0 .8 2.2 8.0 1.7 60.0 50.2 6.7 3.1 .0 6.51966 ....... 74.9 58.8 7.8 48.8 2.2 .8 2.6 11.1 1.6 67.2 56.1 7.6 3.4 .0 7.81967 ....... 82.5 64.0 8.6 52.8 2.6 .9 3.0 13.1 1.5 75.5 62.6 9.2 3.7 .0 7.01968 ....... 93.5 73.4 10.6 59.5 3.3 .9 3.5 14.2 1.5 86.0 70.4 11.4 4.2 .0 7.51969 ....... 105.5 82.5 12.8 66.0 3.6 1.0 4.3 16.2 1.5 97.5 79.9 13.2 4.4 .0 8.01970 ....... 120.1 91.3 14.2 73.3 3.7 1.1 5.2 21.1 1.5 113.0 91.5 16.1 5.3 .0 7.11971 ....... 134.9 101.7 15.9 81.5 4.3 1.2 5.5 25.2 1.4 128.5 102.7 19.3 6.5 .0 6.51972 ....... 158.4 115.6 20.9 89.4 5.3 1.3 5.9 34.0 1.6 142.8 113.2 22.0 7.5 .1 15.61973 ....... 174.3 126.3 22.8 97.4 6.0 1.5 7.8 37.3 1.5 158.6 126.0 24.1 8.5 .1 15.71974 ....... 188.1 136.0 24.5 104.8 6.7 1.7 10.2 39.3 .9 178.7 143.7 25.3 9.6 .1 9.31975 ....... 209.6 147.4 26.9 113.2 7.3 1.8 11.2 48.7 .4 207.1 165.1 30.8 11.1 .2 2.51976 ....... 233.7 165.7 31.1 125.0 9.6 2.2 10.4 55.0 .4 226.3 179.5 34.1 12.5 .2 7.41977 ....... 259.9 183.7 35.4 136.9 11.4 2.8 11.7 61.4 .3 246.8 195.9 37.0 13.7 .2 13.11978 ....... 287.6 198.2 40.5 145.6 12.1 3.4 14.7 71.1 .3 268.9 213.2 40.8 14.9 .2 18.71979 ....... 308.4 212.0 44.0 154.4 13.6 3.9 20.1 72.7 −.3 295.4 233.3 44.3 17.2 .3 13.01980 ....... 338.2 230.0 48.9 166.7 14.5 3.6 26.3 79.5 −1.2 329.4 258.4 51.2 19.4 .4 8.81981 ....... 370.2 255.8 54.6 185.7 15.4 3.9 32.0 81.0 −2.4 362.7 282.3 57.1 22.8 .4 7.61982 ....... 391.4 273.2 59.1 200.0 14.0 4.0 36.7 79.1 −1.6 393.6 304.9 61.2 27.1 .5 −2.21983 ....... 428.6 300.9 66.1 218.9 15.9 4.1 41.4 82.4 −.2 423.7 324.1 66.9 32.3 .4 4.91984 ....... 480.2 337.3 76.0 242.5 18.8 4.7 47.7 89.0 1.5 456.2 347.7 71.2 37.0 .4 23.91985 ....... 521.1 363.7 81.4 262.1 20.2 4.9 54.9 94.5 3.2 498.7 381.8 77.3 39.4 .3 22.31986 ....... 561.6 389.5 87.2 279.7 22.7 6.0 58.4 105.0 2.8 540.7 417.9 84.3 38.2 .3 21.01987 ....... 590.6 422.1 96.6 301.6 23.9 7.2 58.1 100.0 3.1 578.1 440.9 90.7 46.2 .3 12.41988 ....... 635.5 452.8 102.1 324.6 26.0 8.4 60.5 109.0 4.8 617.6 470.4 98.5 48.4 .4 17.91989 ....... 687.3 488.0 114.6 349.1 24.2 9.0 65.7 118.1 6.5 666.5 502.1 109.3 54.6 .4 20.81990 ....... 737.8 519.1 122.6 374.1 22.5 10.0 68.4 133.5 6.7 730.5 544.6 127.7 57.9 .4 7.21991 ....... 789.2 544.3 125.3 395.3 23.6 11.6 68.0 158.2 7.1 793.3 574.6 156.5 61.7 .4 −4.21992 ....... 845.7 579.8 135.3 420.1 24.4 13.1 64.8 180.3 7.7 845.0 602.7 180.0 61.9 .4 .71993 ....... 886.9 604.7 141.1 436.8 26.9 14.1 61.4 197.7 9.0 886.0 630.3 195.2 60.2 .4 .91994 ....... 942.9 644.2 148.0 466.3 30.0 14.5 63.2 211.9 9.0 932.4 663.3 206.7 62.0 .3 10.51995 ....... 990.2 672.1 158.1 482.4 31.7 13.6 68.4 224.1 12.0 978.2 696.1 217.6 64.2 .3 12.01996 ....... 1,043.3 709.6 168.7 507.9 33.0 12.5 73.3 234.1 13.9 1,017.5 724.8 224.3 68.1 .3 25.81997 ....... 1,097.4 749.9 182.0 533.8 34.1 10.8 77.8 246.6 12.3 1,058.3 758.9 227.6 71.4 .4 39.11998 ....... 1,163.2 794.9 201.2 558.8 34.9 10.4 80.9 266.8 10.2 1,111.2 801.4 235.8 73.6 .4 52.01999 ....... 1,236.7 840.4 214.5 590.2 35.8 9.8 85.3 290.8 10.4 1,186.3 858.9 252.4 74.6 .4 50.42000 ....... 1,319.5 893.2 236.6 621.1 35.5 11.0 92.2 315.4 7.7 1,269.5 917.8 271.7 79.5 .5 50.02001 ....... 1,373.0 915.8 242.7 642.8 30.2 13.6 88.8 350.8 4.0 1,368.2 969.8 305.2 85.5 7.7 4.82002 ....... 1,411.9 926.5 220.1 675.3 31.2 14.5 81.6 385.9 3.3 1,436.9 1,016.5 331.9 87.4 1.0 −25.02003 ....... 1,494.9 969.2 226.1 708.7 34.4 15.0 81.0 425.9 3.7 1,498.1 1,058.5 350.3 88.9 .3 −3.22004 p .... .............. ............ 247.9 750.3 ............ 16.5 83.2 443.8 2.6 1,567.9 1,099.8 374.7 92.7 .7 ..............2000: I .... 1,294.4 880.3 231.6 610.9 37.8 10.3 90.4 304.7 8.8 1,238.5 900.6 260.4 77.0 .5 55.9II ... 1,319.0 898.4 243.7 618.0 36.7 10.7 91.9 310.0 8.0 1,259.5 910.8 269.6 78.5 .5 59.5III .. 1,330.5 895.4 236.3 624.1 35.0 11.2 92.8 323.8 7.3 1,281.6 923.4 277.4 80.3 .6 49.0IV .. 1,333.9 898.8 234.8 631.2 32.8 11.8 93.7 323.0 6.6 1,298.5 936.3 279.2 82.4 .6 35.42001: I .... 1,367.2 919.1 249.2 637.5 32.4 12.7 91.6 338.2 5.5 1,334.7 951.7 290.7 84.2 8.0 32.5II ... 1,397.4 937.9 266.6 639.4 31.9 13.5 89.9 351.5 4.6 1,371.6 963.6 308.3 85.3 14.4 25.8III .. 1,354.8 899.9 229.3 641.4 29.2 14.0 87.7 350.0 3.2 1,363.4 976.6 295.9 86.0 4.8 −8.6IV .. 1,372.5 906.2 225.8 652.9 27.4 14.4 85.9 363.3 2.8 1,403.1 987.1 326.0 86.6 3.4 −30.62002: I .... 1,380.9 909.4 218.8 662.1 28.5 14.4 83.5 370.8 2.8 1,409.8 996.2 324.8 86.9 1.9 −28.8II ... 1,404.1 919.7 216.5 672.3 30.9 14.5 81.9 384.8 3.2 1,427.7 1,011.5 328.3 87.3 .7 −23.6III .. 1,423.9 937.3 222.3 683.0 31.9 14.6 80.9 387.6 3.6 1,445.3 1,023.8 332.0 87.7 1.8 −21.3IV .. 1,438.5 939.7 222.6 683.8 33.3 14.7 80.1 400.3 3.7 1,464.8 1,034.6 342.6 87.9 −.3 −26.32003: I .... 1,437.7 941.1 216.1 693.2 31.9 14.7 80.9 397.4 3.6 1,486.6 1,054.8 343.6 87.9 .3 −49.0II ... 1,484.6 955.2 219.0 703.3 32.9 14.9 80.6 430.1 3.8 1,490.2 1,051.8 349.7 88.1 .6 −5.7III .. 1,511.4 981.9 232.5 714.0 35.4 15.1 80.6 429.9 3.8 1,504.9 1,061.0 355.7 88.9 −.7 6.5IV .. 1,545.8 998.8 236.9 724.3 37.6 15.5 81.7 446.1 3.7 1,510.5 1,066.3 352.3 90.7 1.2 35.32004: I .... 1,550.6 1,011.1 238.3 734.2 38.5 16.0 82.2 437.9 3.5 1,538.8 1,079.8 366.3 92.0 .7 11.8II ... 1,583.9 1,036.0 249.1 746.4 40.5 16.4 82.6 446.0 2.9 1,565.7 1,091.8 381.0 92.1 .7 18.3III .. 1,574.7 1,041.0 249.3 753.9 37.7 16.8 83.5 431.3 2.2 1,570.2 1,105.5 371.1 92.9 .7 4.5IV p .............. ............ 255.0 766.8 ............ 17.0 84.5 460.1 1.6 1,596.9 1,122.0 380.5 93.8 .7 ..............1Includes Federal grants-in-aid.2Includes an item for <strong>the</strong> difference between wage accruals and disbursements, not shown separately.Source: Department <strong>of</strong> Commerce, Bureau <strong>of</strong> <strong>Economic</strong> Analysis.310
TABLE B–86.—State and local government revenues and expenditures, selected fiscal years, 1927–2002[Millions <strong>of</strong> dollars]General revenues by source 2 General expenditures by function 2Fiscal year 1TotalPropertytaxesSalesandgrossreceiptstaxesIndividualincometaxesCorporationnetincometaxesAllo<strong>the</strong>r 3TotalRevenuefromFederalGovernmentEducationHighwaysPublicwelfareAllo<strong>the</strong>r 41927 ............... 7,271 4,730 470 70 92 116 1,793 7,210 2,235 1,809 151 3,0151932 ............... 7,267 4,487 752 74 79 232 1,643 7,765 2,311 1,741 444 3,2691934 ............... 7,678 4,076 1,008 80 49 1,016 1,449 7,181 1,831 1,509 889 2,9521936 ............... 8,395 4,093 1,484 153 113 948 1,604 7,644 2,177 1,425 827 3,2151938 ............... 9,228 4,440 1,794 218 165 800 1,811 8,757 2,491 1,650 1,069 3,5471940 ............... 9,609 4,430 1,982 224 156 945 1,872 9,229 2,638 1,573 1,156 3,8621942 ............... 10,418 4,537 2,351 276 272 858 2,123 9,190 2,586 1,490 1,225 3,8891944 ............... 10,908 4,604 2,289 342 451 954 2,269 8,863 2,793 1,200 1,133 3,7371946 ............... 12,356 4,986 2,986 422 447 855 2,661 11,028 3,356 1,672 1,409 4,5911948 ............... 17,250 6,126 4,442 543 592 1,861 3,685 17,684 5,379 3,036 2,099 7,1701950 ............... 20,911 7,349 5,154 788 593 2,486 4,541 22,787 7,177 3,803 2,940 8,8671952 ............... 25,181 8,652 6,357 998 846 2,566 5,763 26,098 8,318 4,650 2,788 10,3421953 ............... 27,307 9,375 6,927 1,065 817 2,870 6,252 27,910 9,390 4,987 2,914 10,6191954 ............... 29,012 9,967 7,276 1,127 778 2,966 6,897 30,701 10,557 5,527 3,060 11,5571955 ............... 31,073 10,735 7,643 1,237 744 3,131 7,584 33,724 11,907 6,452 3,168 12,1971956 ............... 34,667 11,749 8,691 1,538 890 3,335 8,465 36,711 13,220 6,953 3,139 13,3991957 ............... 38,164 12,864 9,467 1,754 984 3,843 9,252 40,375 14,134 7,816 3,485 14,9401958 ............... 41,219 14,047 9,829 1,759 1,018 4,865 9,699 44,851 15,919 8,567 3,818 16,5471959 ............... 45,306 14,983 10,437 1,994 1,001 6,377 10,516 48,887 17,283 9,592 4,136 17,8761960 ............... 50,505 16,405 11,849 2,463 1,180 6,974 11,634 51,876 18,719 9,428 4,404 19,3251961 ............... 54,037 18,002 12,463 2,613 1,266 7,131 12,563 56,201 20,574 9,844 4,720 21,0631962 ............... 58,252 19,054 13,494 3,037 1,308 7,871 13,489 60,206 22,216 10,357 5,084 22,5491963 ............... 62,890 20,089 14,456 3,269 1,505 8,722 14,850 64,816 23,776 11,136 5,481 24,4231962-63 ......... 62,269 19,833 14,446 3,267 1,505 8,663 14,556 63,977 23,729 11,150 5,420 23,6781963-64 ......... 68,443 21,241 15,762 3,791 1,695 10,002 15,951 69,302 26,286 11,664 5,766 25,5861964-65 ......... 74,000 22,583 17,118 4,090 1,929 11,029 17,250 74,678 28,563 12,221 6,315 27,5791965-66 ......... 83,036 24,670 19,085 4,760 2,038 13,214 19,269 82,843 33,287 12,770 6,757 30,0291966-67 ......... 91,197 26,047 20,530 5,825 2,227 15,370 21,198 93,350 37,919 13,932 8,218 33,2811967-68 ......... 101,264 27,747 22,911 7,308 2,518 17,181 23,599 102,411 41,158 14,481 9,857 36,9151968-69 ......... 114,550 30,673 26,519 8,908 3,180 19,153 26,117 116,728 47,238 15,417 12,110 41,9631969-70 ......... 130,756 34,054 30,322 10,812 3,738 21,857 29,973 131,332 52,718 16,427 14,679 47,5081970-71 ......... 144,927 37,852 33,233 11,900 3,424 26,146 32,372 150,674 59,413 18,095 18,226 54,9401971-72 ......... 167,535 42,877 37,518 15,227 4,416 31,342 36,156 168,549 65,813 19,021 21,117 62,5981972-73 ......... 190,222 45,283 42,047 17,994 5,425 39,264 40,210 181,357 69,713 18,615 23,582 69,4471973-74 ......... 207,670 47,705 46,098 19,491 6,015 41,820 46,542 198,959 75,833 19,946 25,085 78,0951974-75 ......... 228,171 51,491 49,815 21,454 6,642 47,034 51,735 230,722 87,858 22,528 28,156 92,1801975-76 ......... 256,176 57,001 54,547 24,575 7,273 55,589 57,191 256,731 97,216 23,907 32,604 103,0041976-77 ......... 285,157 62,527 60,641 29,246 9,174 62,444 61,125 274,215 102,780 23,058 35,906 112,4721977-78 ......... 315,960 66,422 67,596 33,176 10,738 69,592 68,435 296,984 110,758 24,609 39,140 122,4781978-79 ......... 343,236 64,944 74,247 36,932 12,128 75,164 79,822 327,517 119,448 28,440 41,898 137,7311979-80 ......... 382,322 68,499 79,927 42,080 13,321 83,029 95,467 369,086 133,211 33,311 47,288 155,2761980-81 ......... 423,404 74,969 85,971 46,426 14,143 90,294 111,599 407,449 145,784 34,603 54,105 172,9571981-82 ......... 457,654 82,067 93,613 50,738 15,028 87,282 128,925 436,733 154,282 34,520 57,996 189,9351982-83 ......... 486,753 89,105 100,247 55,129 14,258 90,007 138,008 466,516 163,876 36,655 60,906 205,0801983-84 ......... 542,730 96,457 114,097 64,529 17,141 96,935 153,571 505,008 176,108 39,419 66,414 223,0681984-85 ......... 598,121 103,757 126,376 70,361 19,152 106,158 172,317 553,899 192,686 44,989 71,479 244,7451985-86 ......... 641,486 111,709 135,005 74,365 19,994 113,099 187,314 605,623 210,819 49,368 75,868 269,5681986-87 ......... 686,860 121,203 144,091 83,935 22,425 114,857 200,350 657,134 226,619 52,355 82,650 295,5101987-88 ......... 726,762 132,212 156,452 88,350 23,663 117,602 208,482 704,921 242,683 55,621 89,090 317,5271988-89 ......... 786,129 142,400 166,336 97,806 25,926 125,824 227,838 762,360 263,898 58,105 97,879 342,4791989-90 ......... 849,502 155,613 177,885 105,640 23,566 136,802 249,996 834,818 288,148 61,057 110,518 375,0941990-91 ......... 902,207 167,999 185,570 109,341 22,242 154,099 262,955 908,108 309,302 64,937 130,402 403,4671991-92 ......... 979,137 180,337 197,731 115,638 23,880 179,174 282,376 981,253 324,652 67,351 158,723 430,5261992-93 ......... 1,041,643 189,744 209,649 123,235 26,417 198,663 293,935 1,030,434 342,287 68,370 170,705 449,0721993-94 ......... 1,100,490 197,141 223,628 128,810 28,320 215,492 307,099 1,077,665 353,287 72,067 183,394 468,9161994-95 ......... 1,169,505 203,451 237,268 137,931 31,406 228,771 330,677 1,149,863 378,273 77,109 196,703 497,7791995-96 ......... 1,222,821 209,440 248,993 146,844 32,009 234,891 350,645 1,193,276 398,859 79,092 197,354 517,9711996-97 ......... 1,289,237 218,877 261,418 159,042 33,820 244,847 371,233 1,249,984 418,416 82,062 203,779 545,7271997-98 ......... 1,365,762 230,150 274,883 175,630 34,412 255,048 395,639 1,318,042 450,365 87,214 208,120 572,3431998-99 ......... 1,434,464 240,107 290,993 189,309 33,922 270,628 409,505 1,402,369 483,259 93,018 218,957 607,1341999-2000 ..... 1,541,322 249,178 309,290 211,661 36,059 291,950 443,186 1,506,797 521,612 101,336 237,336 646,5122000-01 ......... 1,647,161 263,689 320,217 226,334 35,296 324,033 477,592 1,626,066 563,575 107,235 261,622 693,6342001-02 ......... 1,684,776 279,122 324,040 202,858 28,152 360,534 490,070 1,735,196 594,591 115,467 283,885 741,2531Fiscal years not <strong>the</strong> same for all governments. See Note.2Excludes revenues or expenditures <strong>of</strong> publicly owned utilities and liquor stores, and <strong>of</strong> insurance-trust activities. Intergovernmentalreceipts and payments between State and local governments are also excluded.3Includes o<strong>the</strong>r taxes and charges and miscellaneous revenues.4Includes expenditures for libraries, hospitals, health, employment security administration, veterans’ services, air transportation, watertransport and terminals, parking facilities, transit subsidies, police protection, fire protection, correction, protective inspection and regulation,sewerage, natural resources, parks and recreation, housing and community development, solid waste management, financial administration,judicial and legal, general public buildings, o<strong>the</strong>r government administration, interest on general debt, and general expenditures, n.e.c.Note.—Except for States listed, data for fiscal years listed from 1962-63 to 2001-02 are <strong>the</strong> aggregation <strong>of</strong> data for government fiscalyears that ended in <strong>the</strong> 12-month period from July 1 to June 30 <strong>of</strong> those years (Texas used August and Alabama and Michigan used September).Data for 1963 and earlier years include data for governments fiscal years ending during that particular calendar year.Data are not available for intervening years.Source: Department <strong>of</strong> Commerce, Bureau <strong>of</strong> <strong>the</strong> Census.311
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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
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Chart 7-1 Estimated HIV Infection L
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There is no cure for HIV/AIDS, thou
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AIDS is more damaging to a househol
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and risk reduction have helped redu
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only one price, the drug companies
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Box 7-1 — continuedfocused on the
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Box 7-2 — continuedenhancing coor
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ConclusionThe United States and cou
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Good Two. In Ricardo’s simple mod
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The Impact of Trade on Labor Market
- Page 175 and 176:
The U.S. Advantage in Services Trad
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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
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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 206 and 207:
TABLE B-2.—Real gross domestic pr
- 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
- Page 260 and 261: TABLE B-46.—Employees on nonagric
- Page 262 and 263: TABLE B-47.—Hours and earnings in
- Page 264 and 265: Year orquarterTABLE B-49.—Product
- Page 266 and 267: PRODUCTION AND BUSINESS ACTIVITYTAB
- Page 268 and 269: Year ormonthTABLE B-53.—Industria
- Page 270 and 271: Year or monthTABLE B-55.—New cons
- Page 272 and 273: TABLE B-57.—Manufacturing and tra
- Page 274 and 275: TABLE B-59.—Manufacturers’ new
- Page 276 and 277: Year ormonthTABLE B-61.—Consumer
- Page 278 and 279: TABLE B-62.—Consumer price indexe
- Page 280 and 281: TABLE B-64.—Changes in consumer p
- Page 282 and 283: TABLE B-65.—Producer price indexe
- Page 284 and 285: TABLE B-67.—Producer price indexe
- Page 286 and 287: TABLE B-68.—Changes in producer p
- Page 288 and 289: TABLE B-70.—Components of money s
- Page 290 and 291: TABLE B-71.—Aggregate reserves of
- Page 292 and 293: TABLE B-73.—Bond yields and inter
- Page 294 and 295: TABLE B-74.—Credit market borrowi
- Page 296 and 297: TABLE B-75.—Mortgage debt outstan
- Page 298 and 299: TABLE B-77.—Consumer credit outst
- Page 300 and 301: TABLE B-79.—Federal receipts, out
- Page 302 and 303: TABLE B-81.—Federal receipts, out
- Page 304 and 305: TABLE B-83.—Federal and State and
- Page 308 and 309: End of yearor monthTABLE B-87.—U.
- Page 310 and 311: End of monthTABLE B-89.—Estimated
- Page 312 and 313: TABLE B-91.—Corporate profits by
- Page 314 and 315: TABLE B-93.—Sales, profits, and s
- Page 316 and 317: YearComposite(Dec. 31,2002=5,000) 3
- Page 318 and 319: YearAGRICULTURETABLE B-97.—Farm i
- Page 320 and 321: TABLE B-99.—Farm output and produ
- Page 322 and 323: Year ormonthTABLE B-101.—Agricult
- Page 324 and 325: INTERNATIONAL STATISTICSTABLE B-103
- Page 326 and 327: TABLE B-104.—U.S. international t
- Page 328 and 329: TABLE B-106.—U.S. international t
- Page 330 and 331: TABLE B-108.—Industrial productio
- Page 332 and 333: TABLE B-110.—Foreign exchange rat
- Page 334: TABLE B-112.—Growth rates in real