Economic Report of the President

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INTERNATIONAL STATISTICSTABLE B–103.—U.S. international transactions, 1946–2004[Millions of dollars; quarterly data seasonally adjusted. Credits (+), debits (¥)]Year orquarterExportsGoods 1ImportsBalanceongoodsNetmilitarytransactions2ServicesNettravelandtransportationOtherservices,netBalanceon goodsandservicesIncome receipts and paymentsReceipts PaymentsBalanceonincomeUnilateralcurrenttransfers,net 2Balanceoncurrentaccount1946 ........ 11,764 −5,067 6,697 −424 733 310 7,316 772 −212 560 −2,991 4,8851947 ........ 16,097 −5,973 10,124 −358 946 145 10,857 1,102 −245 857 −2,722 8,9921948 ........ 13,265 −7,557 5,708 −351 374 175 5,906 1,921 −437 1,484 −4,973 2,4171949 ........ 12,213 −6,874 5,339 −410 230 208 5,367 1,831 −476 1,355 −5,849 8731950 ........ 10,203 −9,081 1,122 −56 −120 242 1,188 2,068 −559 1,509 −4,537 −1,8401951 ........ 14,243 −11,176 3,067 169 298 254 3,788 2,633 −583 2,050 −4,954 8841952 ........ 13,449 −10,838 2,611 528 83 309 3,531 2,751 −555 2,196 −5,113 6141953 ........ 12,412 −10,975 1,437 1,753 −238 307 3,259 2,736 −624 2,112 −6,657 −1,2861954 ........ 12,929 −10,353 2,576 902 −269 305 3,514 2,929 −582 2,347 −5,642 2191955 ........ 14,424 −11,527 2,897 −113 −297 299 2,786 3,406 −676 2,730 −5,086 4301956 ........ 17,556 −12,803 4,753 −221 −361 447 4,618 3,837 −735 3,102 −4,990 2,7301957 ........ 19,562 −13,291 6,271 −423 −189 482 6,141 4,180 −796 3,384 −4,763 4,7621958 ........ 16,414 −12,952 3,462 −849 −633 486 2,466 3,790 −825 2,965 −4,647 7841959 ........ 16,458 −15,310 1,148 −831 −821 573 69 4,132 −1,061 3,071 −4,422 −1,2821960 ........ 19,650 −14,758 4,892 −1,057 −964 639 3,508 4,616 −1,238 3,379 −4,062 2,8241961 ........ 20,108 −14,537 5,571 −1,131 −978 732 4,195 4,999 −1,245 3,755 −4,127 3,8221962 ........ 20,781 −16,260 4,521 −912 −1,152 912 3,370 5,618 −1,324 4,294 −4,277 3,3871963 ........ 22,272 −17,048 5,224 −742 −1,309 1,036 4,210 6,157 −1,560 4,596 −4,392 4,4141964 ........ 25,501 −18,700 6,801 −794 −1,146 1,161 6,022 6,824 −1,783 5,041 −4,240 6,8231965 ........ 26,461 −21,510 4,951 −487 −1,280 1,480 4,664 7,437 −2,088 5,350 −4,583 5,4311966 ........ 29,310 −25,493 3,817 −1,043 −1,331 1,497 2,940 7,528 −2,481 5,047 −4,955 3,0311967 ........ 30,666 −26,866 3,800 −1,187 −1,750 1,742 2,604 8,021 −2,747 5,274 −5,294 2,5831968 ........ 33,626 −32,991 635 −596 −1,548 1,759 250 9,367 −3,378 5,990 −5,629 6111969 ........ 36,414 −35,807 607 −718 −1,763 1,964 91 10,913 −4,869 6,044 −5,735 3991970 ........ 42,469 −39,866 2,603 −641 −2,038 2,330 2,254 11,748 −5,515 6,233 −6,156 2,3311971 ........ 43,319 −45,579 −2,260 653 −2,345 2,649 −1,303 12,707 −5,435 7,272 −7,402 −1,4331972 ........ 49,381 −55,797 −6,416 1,072 −3,063 2,965 −5,443 14,765 −6,572 8,192 −8,544 −5,7951973 ........ 71,410 −70,499 911 740 −3,158 3,406 1,900 21,808 −9,655 12,153 −6,913 7,1401974 ........ 98,306 −103,811 −5,505 165 −3,184 4,231 −4,292 27,587 −12,084 15,503 −9,249 1,9621975 ........ 107,088 −98,185 8,903 1,461 −2,812 4,854 12,404 25,351 −12,564 12,787 −7,075 18,1161976 ........ 114,745 −124,228 −9,483 931 −2,558 5,027 −6,082 29,375 −13,311 16,063 −5,686 4,2951977 ........ 120,816 −151,907 −31,091 1,731 −3,565 5,680 −27,246 32,354 −14,217 18,137 −5,226 −14,3351978 ........ 142,075 −176,002 −33,927 857 −3,573 6,879 −29,763 42,088 −21,680 20,408 −5,788 −15,1431979 ........ 184,439 −212,007 −27,568 −1,313 −2,935 7,251 −24,565 63,834 −32,961 30,873 −6,593 −2851980 ........ 224,250 −249,750 −25,500 −1,822 −997 8,912 −19,407 72,606 −42,532 30,073 −8,349 2,3171981 ........ 237,044 −265,067 −28,023 −844 144 12,552 −16,172 86,529 −53,626 32,903 −11,702 5,0301982 ........ 211,157 −247,642 −36,485 112 −992 13,209 −24,156 91,747 −56,583 35,164 −16,544 −5,5361983 ........ 201,799 −268,901 −67,102 −563 −4,227 14,124 −57,767 90,000 −53,614 36,386 −17,310 −38,6911984 ........ 219,926 −332,418 −112,492 −2,547 −8,438 14,404 −109,073 108,819 −73,756 35,063 −20,335 −94,3441985 ........ 215,915 −338,088 −122,173 −4,390 −9,798 14,483 −121,880 98,542 −72,819 25,723 −21,998 −118,1551986 ........ 223,344 −368,425 −145,081 −5,181 −8,779 20,502 −138,538 97,064 −81,571 15,494 −24,132 −147,1771987 ........ 250,208 −409,765 −159,557 −3,844 −8,010 19,728 −151,684 108,184 −93,891 14,293 −23,265 −160,6551988 ........ 320,230 −447,189 −126,959 −6,320 −3,013 21,725 −114,566 136,713 −118,026 18,687 −25,274 −121,1531989 ........ 359,916 −477,665 −117,749 −6,749 3,551 27,805 −93,142 161,287 −141,463 19,824 −26,169 −99,4861990 ........ 387,401 −498,438 −111,037 −7,599 7,501 30,270 −80,864 171,742 −143,192 28,550 −26,654 −78,9681991 ........ 414,083 −491,020 −76,937 −5,274 16,561 34,516 −31,135 149,214 −125,084 24,130 10,752 3,7471992 ........ 439,631 −536,528 −96,897 −1,448 19,969 39,283 −39,093 133,766 −109,531 24,234 −33,133 −47,9911993 ........ 456,943 −589,394 −132,451 1,385 19,714 41,156 −70,195 136,057 −110,741 25,316 −37,108 −81,9871994 ........ 502,859 −668,690 −165,831 2,570 16,305 48,577 −98,379 166,521 −149,375 17,146 −36,799 −118,0321995 ........ 575,204 −749,374 −174,170 4,600 21,772 51,533 −96,265 210,244 −189,353 20,891 −34,104 −109,4781996 ........ 612,113 −803,113 −191,000 5,385 25,015 56,658 −103,942 226,129 −203,811 22,318 −38,583 −120,2071997 ........ 678,366 −876,470 −198,104 4,968 22,152 62,806 −108,178 256,804 −244,195 12,609 −40,410 −135,9791998 ........ 670,416 −917,103 −246,687 5,220 10,210 66,389 −164,868 261,308 −257,554 3,754 −48,443 −209,5571999 ........ 683,965 −1,029,980 −346,015 2,593 7,085 73,085 −263,252 293,222 −280,037 13,185 −46,755 −296,8222000 ........ 771,994 −1,224,408 −452,414 317 2,486 71,267 −378,344 350,449 −329,864 20,585 −55,684 −413,4432001 ........ 718,712 −1,145,900 −427,188 −2,296 −3,254 70,046 −362,692 286,692 −263,120 23,572 −46,581 −385,7012002 ........ 681,833 −1,164,728 −482,895 −7,158 −3,451 71,769 −421,735 266,799 −259,626 7,173 −59,382 −473,9442003 ........ 713,122 −1,260,674 −547,552 −12,626 −10,303 73,973 −496,508 294,385 −261,106 33,279 −67,439 −530,6682002: I ..... 165,123 −273,520 −108,397 −1,574 −802 17,014 −93,759 63,455 −62,490 965 −17,411 −110,205II ... 172,034 −291,395 −119,361 −1,882 −1,073 18,943 −103,373 67,306 −68,260 −954 −13,562 −117,889III .. 174,371 −296,778 −122,407 −1,537 −901 17,929 −106,916 69,542 −68,199 1,343 −13,427 −119,000IV .. 170,305 −303,035 −132,730 −2,165 −675 17,882 −117,688 66,496 −60,677 5,819 −14,980 −126,8492003: I .... 173,459 −311,402 −137,943 −2,905 −2,745 18,207 −125,386 67,677 −63,682 3,995 −16,815 −138,206II ... 174,554 −310,087 −135,533 −3,215 −3,183 18,551 −123,380 68,893 −63,019 5,874 −16,369 −133,875III .. 178,251 −312,886 −134,635 −3,047 −3,088 18,520 −122,250 73,785 −66,524 7,261 −16,639 −131,628IV .. 186,858 −326,299 −139,441 −3,459 −1,287 18,693 −125,494 84,030 −67,879 16,151 −17,617 −126,9602004: I .... 193,920 −344,688 −150,768 −3,534 −2,668 18,368 −138,602 83,528 −71,364 12,164 −20,726 −147,164II ... 199,315 −362,895 −163,580 −3,475 −2,543 18,514 −151,084 88,419 −83,382 5,037 −18,344 −164,391III p 204,610 −371,341 −166,731 −3,832 −2,922 18,143 −155,342 92,879 −87,598 5,281 −14,648 −164,7091Adjusted from Census data for differences in valuation, coverage, and timing; excludes military.2Includes transfers of goods and services under U.S. military grant programs.See next page for continuation of table.328
Year orquarterTABLE B–103.—U.S. international transactions, 1946–2004—ContinuedCapitalaccounttransactions,net[Millions of dollars; quarterly data seasonally adjusted. Credits (+), debits (¥)]TotalU.S.-owned assets abroad, net[increase/financial outflow (−)]U.S.officialreserveassets 3Other U.S.GovernmentassetsFinancial accountU.S.privateassetsForeign-owned assets in the U.S., net[increase/financial inflow (+)]TotalForeignofficialassetsOtherforeignassetsStatisticaldiscrepancyTotal(sum oftheitemswith signreversed)Ofwhich:Seasonaladjustmentdiscrepancy1946 ............ ................ ................ −623 ................ ................ .................. .................. ................ ................ ................1947 ............ ................ ................ −3,315 ................ ................ .................. .................. ................ ................ ................1948 ............ ................ ................ −1,736 ................ ................ .................. .................. ................ ................ ................1949 ............ ................ ................ −266 ................ ................ .................. .................. ................ ................ ................1950 ............ ................ ................ 1,758 ................ ................ .................. .................. ................ ................ ................1951 ............ ................ ................ −33 ................ ................ .................. .................. ................ ................ ................1952 ............ ................ ................ −415 ................ ................ .................. .................. ................ ................ ................1953 ............ ................ ................ 1,256 ................ ................ .................. .................. ................ ................ ................1954 ............ ................ ................ 480 ................ ................ .................. .................. ................ ................ ................1955 ............ ................ ................ 182 ................ ................ .................. .................. ................ ................ ................1956 ............ ................ ................ −869 ................ ................ .................. .................. ................ ................ ................1957 ............ ................ ................ −1,165 ................ ................ .................. .................. ................ ................ ................1958 ............ ................ ................ 2,292 ................ ................ .................. .................. ................ ................ ................1959 ............ ................ ................ 1,035 ................ ................ .................. .................. ................ ................ ................1960 ............ ................ −4,099 2,145 −1,100 −5,144 2,294 1,473 821 −1,019 ................1961 ............ ................ −5,538 607 −910 −5,235 2,705 765 1,939 −989 ................1962 ............ ................ −4,174 1,535 −1,085 −4,623 1,911 1,270 641 −1,124 ................1963 ............ ................ −7,270 378 −1,662 −5,986 3,217 1,986 1,231 −360 ................1964 ............ ................ −9,560 171 −1,680 −8,050 3,643 1,660 1,983 −907 ................1965 ............ ................ −5,716 1,225 −1,605 −5,336 742 134 607 −457 ................1966 ............ ................ −7,321 570 −1,543 −6,347 3,661 −672 4,333 629 ................1967 ............ ................ −9,757 53 −2,423 −7,386 7,379 3,451 3,928 −205 ................1968 ............ ................ −10,977 −870 −2,274 −7,833 9,928 −774 10,703 438 ................1969 ............ ................ −11,585 −1,179 −2,200 −8,206 12,702 −1,301 14,002 −1,516 ................1970 ............ ................ −8,470 3,348 −1,589 −10,229 6,359 6,908 −550 −219 ................1971 ............ ................ −11,758 3,066 −1,884 −12,940 22,970 26,879 −3,909 −9,779 ................1972 ............ ................ −13,787 706 −1,568 −12,925 21,461 10,475 10,986 −1,879 ................1973 ............ ................ −22,874 158 −2,644 −20,388 18,388 6,026 12,362 −2,654 ................1974 ............ ................ −34,745 −1,467 366 −33,643 35,341 10,546 24,796 −2,558 ................1975 ............ ................ −39,703 −849 −3,474 −35,380 17,170 7,027 10,143 4,417 ................1976 ............ ................ −51,269 −2,558 −4,214 −44,498 38,018 17,693 20,326 8,955 ................1977 ............ ................ −34,785 −375 −3,693 −30,717 53,219 36,816 16,403 −4,099 ................1978 ............ ................ −61,130 732 −4,660 −57,202 67,036 33,678 33,358 9,236 ................1979 ............ ................ −64,915 6 −3,746 −61,176 40,852 −13,665 54,516 24,349 ................1980 ............ ................ −85,815 −7,003 −5,162 −73,651 62,612 15,497 47,115 20,886 ................1981 ............ ................ −113,054 −4,082 −5,097 −103,875 86,232 4,960 81,272 21,792 ................1982 ............ 199 −127,882 −4,965 −6,131 −116,786 96,589 3,593 92,997 36,630 ................1983 ............ 209 −66,373 −1,196 −5,006 −60,172 88,694 5,845 82,849 16,162 ................1984 ............ 235 −40,376 −3,131 −5,489 −31,757 117,752 3,140 114,612 16,733 ................1985 ............ 315 −44,752 −3,858 −2,821 −38,074 146,115 −1,119 147,233 16,478 ................1986 ............ 301 −111,723 312 −2,022 −110,014 230,009 35,648 194,360 28,590 ................1987 ............ 365 −79,296 9,149 1,006 −89,450 248,634 45,387 203,247 −9,048 ................1988 ............ 493 −106,573 −3,912 2,967 −105,628 246,522 39,758 206,764 −19,289 ................1989 ............ 336 −175,383 −25,293 1,233 −151,323 224,928 8,503 216,425 49,605 ................1990 ............ −6,579 −81,234 −2,158 2,317 −81,393 141,571 33,910 107,661 25,211 ................1991 ............ −4,479 −64,388 5,763 2,924 −73,075 110,808 17,389 93,420 −45,688 ................1992 ............ −557 −74,410 3,901 −1,667 −76,644 170,663 40,477 130,186 −47,705 ................1993 ............ −1,299 −200,552 −1,379 −351 −198,822 282,040 71,753 210,287 1,797 ................1994 ............ −1,723 −178,937 5,346 −390 −183,893 305,989 39,583 266,406 −7,297 ................1995 ............ −927 −352,264 −9,742 −984 −341,538 438,562 109,880 328,682 24,107 ................1996 ............ −654 −413,409 6,668 −989 −419,088 551,096 126,724 424,372 −16,826 ................1997 ............ −1,044 −485,475 −1,010 68 −484,533 706,809 19,036 687,773 −84,311 ................1998 ............ −740 −347,829 −6,783 −422 −340,624 423,569 −19,903 443,472 134,557 ................1999 ............ −4,843 −503,640 8,747 2,750 −515,137 740,210 43,543 696,667 65,095 ................2000 ............ −809 −569,798 −290 −941 −568,567 1,046,896 42,758 1,004,138 −62,846 ................2001 ............ −1,083 −366,768 −4,911 −486 −361,371 782,859 28,059 754,800 −29,307 ................2002 ............ −1,260 −198,014 −3,681 345 −194,678 768,246 113,990 654,256 −95,028 ................2003 ............ −3,079 −283,414 1,523 537 −285,474 829,173 248,573 580,600 −12,012 ................2002: I ........ −281 −34,144 390 133 −34,667 165,989 12,801 153,188 −21,359 10,292II ........ −271 −133,373 −1,843 42 −131,572 229,135 53,312 175,823 22,398 −1,206III ....... −361 21,574 −1,416 −27 23,017 150,075 17,720 132,355 −52,288 −14,052IV ....... −347 −52,069 −812 197 −51,454 223,047 30,157 192,890 −43,782 4,9632003: I ........ −406 −102,665 83 53 −102,801 246,105 48,986 197,119 −4,828 11,091II ........ −1,552 −110,962 −170 310 −111,102 218,553 65,245 153,308 27,836 −3,121III ....... −821 −8,138 −611 483 −8,010 134,202 50,663 83,539 6,385 −13,418IV ....... −300 −61,647 2,221 −309 −63,559 230,311 83,679 146,632 −41,404 5,4492004: I ........ −396 −306,729 557 727 −308,013 445,348 127,864 317,484 8,941 11,839II ........ −324 −105,810 1,122 −2 −106,930 270,745 73,349 197,396 −220 −5,558III p .... −374 −133,176 429 183 −133,788 286,412 60,118 226,294 11,847 −15,0683Consists of gold, special drawing rights, foreign currencies, and the U.S. reserve position in the International Monetary Fund (IMF).Source: Department of Commerce, Bureau of Economic Analysis.329
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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
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The U.S. Advantage in Services Trad
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U.S. firms is associated with a cor
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anked the second-best country out o
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the Chinese government agreed to el
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Trade LiberalizationTariffs and oth
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ConclusionThe United States is the
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LETTER OF TRANSMITTALCOUNCIL OF ECO
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Report to the President on theActiv
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The Council continued its efforts t
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The Staff of the Council of Economi
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John List and Ted Gayer provided co
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Appendix BSTATISTICAL TABLES RELATI
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PageB-32. Gross saving and investme
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PageB-94. Relation of profits after
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NATIONAL INCOME OR EXPENDITURETABLE
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TABLE B-2.—Real gross domestic pr
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TABLE B-3.—Quantity and price ind
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TABLE B-5.—Contributions to perce
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TABLE B-6.—Chain-type quantity in
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TABLE B-7.—Chain-type price index
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TABLE B-8.—Gross domestic product
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TABLE B-10.—Gross value added by
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TABLE B-12.—Gross domestic produc
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TABLE B-13.—Real gross domestic p
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TABLE B-14.—Gross value added of
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TABLE B-16.—Personal consumption
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TABLE B-18.—Private fixed investm
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TABLE B-20.—Government consumptio
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TABLE B-22.—Private inventories a
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TABLE B-24.—Foreign transactions
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TABLE B-26.—Relation of gross dom
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TABLE B-28.—National income by ty
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TABLE B-29.—Sources of personal i
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TABLE B-30.—Disposition of person
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Year or quarterTABLE B-32.—Gross
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TABLE B-33.—Median money income (
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TABLE B-35.—Civilian population a
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TABLE B-36.—Civilian employment a
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TABLE B-38.—Unemployment by demog
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TABLE B-40.—Civilian labor force
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TABLE B-42.—Civilian unemployment
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TABLE B-44.—Unemployment by durat
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TABLE B-46.—Employees on nonagric
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TABLE B-47.—Hours and earnings in
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Year orquarterTABLE B-49.—Product
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PRODUCTION AND BUSINESS ACTIVITYTAB
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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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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 306 and 307: TABLE B-85.—State and local gover
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 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
show all

Economic Report of the President

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