ECONOMIC

More documents

Recommendations

Info

PRODUCTION AND BUSINESS ACTIVITY:PageB-37. Industrial production indexes, major industry divisions, 1929-76. .. . 230B-38. Industrial production indexes, market groupings, 1947-76 231B-39. Industrial production indexes, selected manufactures, 1947-76 232B-40. Capacity utilization rate in manufacturing, 1948-76 233B-41. New construction activity, 1929-76 234B-42. New housing units started and authorized, 1959-76 236B-43. Business expenditures for new plant and equipment, 1947-77 237B-44. Sales and inventories in manufacturing and trade, 1947-76 238B-45. Manufacturers' shipments and inventories, 1947-76 239B-46. Manufacturers' new and unfilled orders, 1947-76 240PRICES:B-47. Consumer price indexes by expenditure classes, 1929-76 241B-48. Consumer price indexes by commodity and service groups, 1939-76. 242B-49. Consumer price indexes, selected commodities and services, 1939-76. 243B-50. Consumer price indexes, for commodity groups, seasonally adjusted,1973-76 244B-51. Consumer price indexes for service groups and selected expenditureclasses, seasonally adjusted, 1973-76 245B-52. Percent changes in consumer price indexes, major groups, 1948-76. . 246B-53. Wholesale price indexes by major commodity groups, 1929-76 247B-54. Wholesale price indexes by stage of processing and by special groupings,1947-76 249B-55. Wholesale price indexes for selected groupings, seasonally adjusted,1973-76 251B-56. Percent changes in wholesale price indexes, major groups, 1948-76. . 252MONEY STOCK, CREDIT, AND FINANCE:B-57. Money stock measures, 1947-76 253B-58. Commercial bank loans and investments, 1930-76 254B-59. Private liquid asset holdings, nonfinancial investors, 1959-76 255B-60. Total funds raised in credit markets by nonfinancial sectors, 1968-76. 256B-61. Federal Reserve Bank credit and member bank reserves, 1929-76. . . 258B-62. Aggregate reserves and member bank deposits, 1959-76 259B-63. Bond yields and interest rates, 1929-76 260B-64. Instalment credit extensions and liquidations, 1971-76 262B-65. Mortgage debt outstanding by type of property and of financing,1939-76 263B-66. Mortgage debt outstanding by holder, 1939-76 264B-67. Net public and private debt, 1929-75 265GOVERNMENT FINANCE:B-68. Federal budget receipts, outlays, and debt, fiscal years 1968-78 266B-69. Federal budget receipts and outlays, fiscal years 1929-78 268B-70. Relation of the Federal budget to the Federal sector of the nationalincome and product accounts, fiscal years 1976-78 269B-71. Receipts and expenditures of the government sector of the nationalincome and product accounts, 1929-76 270B-72. Receipts and expenditures of the Federal Government sector of thenational income and product accounts, 1949-78 271B-73. Receipts and expenditures of the State and local government sector ofthe national income and product accounts, 1946-76 272B-74. State and local government revenues and expenditures, selected fiscalyears, 1927-75 273B-75. Interest-bearing public debt by kind of obligation, 1967-76 274184
PageB-76. Estimated ownership of public debt securities, 1967-76 275B-77. Average length and maturity distribution of marketable interestbearingpublic debt held by private investors, 1967-76 276CORPORATE PROFITS AND FINANCE:B-78. Corporate profits with inventory valuation and capital consumptionadjustments, 1946-76 277B-79. Corporate profits by industry, 1929-76 278B-80. Corporate profits of manufacturing industries, 1929-76 280B-81. Sales, profits, and stockholders 5 equity, all manufacturing corporations,1947-76 282B-82. Relation of profits after taxes to stockholders' equity and to sales, allmanufacturing corporations, 1947-76 283B-83. Relation of profits after taxes to stockholders' equity and to sales, allmanufacturing corporations, by industry group, 1975-76 284B-84. Sources and uses of funds, nonfarm nonfinancial corporate business,1946-76 285B-85. Current assets and liabilities of U.S. corporations, 1939-76 286B-86. State and municipal and corporate securities offered, 1934-76 287B-87. Common stock prices and yields, 1949-76 288B-88. Business formation and business failures, 1929-76 289AGRICULTURE:B-89. Income of farm people and farmers, 1929-76 290B-90. Farm production indexes, 1929-76 291B-91. Farm population, employment, and productivity, 1929-76 292B-92. Indexes of prices received and prices paid by farmers and selected farmresource prices, 1929-76 293B-93. Selected measures of farm resources and inputs, 1929-76 294B-94. Comparative balance sheet of the farming sector, 1929-77 295INTERNATIONAL STATISTICS:B-95. U.S. international transactions, 1946-76 296B-96. U.S. merchandise exports and imports by commodity groups,1958-76 298B-97. U.S. merchandise exports and imports by area, 1970-76 299B-98. U.S. overseas loans and grants, by type and area, fiscalyears, 1962-75. 300B-99. International reserves, 195?, 1962, and 1972-76 301B-100. U.S. reserve assets, 1946-76 302B-101. International investment position of the United States at year-end,1971-75 303B-102. Price changes in international trade, 1968-76 304B-103. Consumer price indexes in the United States and other major industrialcountries, 1955-76 305General NotesDetail in these tables may not add to totals because of rounding.Unless otherwise noted, all dollar figures are in current dollars.Symbols used:* Preliminary._ _ Not available (also, not applicable).185
Page 1:
ECONOMICTRANSMITTEDTO THE CONGRESSJ
Page 5:
CONTENTSPageECONOMIC REPORT OF THE
Page 9 and 10:
ECONOMIC REPORT OF THE PRESIDENTTo
Page 11 and 12:
manent tax rate reductions. My prop
Page 13 and 14:
will help shield us from disruption
Page 15 and 16:
executive branch must undertake a c
Page 17:
lasting implications of the changes
Page 21:
THE PRESIDENT:LETTER OF TRANSMITTAL
Page 24 and 25:
CHAPTER 2. ECONOMIC REVIEW OF 1976
Page 26 and 27:
List of Tables and Charts—Continu
Page 29 and 30:
CHAPTER 1Economic Policy and Outloo
Page 31 and 32:
GENERAL POLICY PRINCIPLESTo assure
Page 33 and 34:
3. Economic initiatives should be b
Page 35 and 36:
TABLE 1.—The market value and the
Page 37 and 38:
on investment would increase with i
Page 39 and 40:
MONETARY POLICYThe Federal Reserve
Page 41 and 42:
like the latter part of 1976. The 4
Page 43 and 44:
PRIVATE CONSUMPTIONThe growth of re
Page 45 and 46:
NET EXPORTSIn real terms net export
Page 47 and 48:
LABOR FORGE AND UNEMPLOYMENTIt is e
Page 49 and 50:
led to large first-year catchup inc
Page 51 and 52:
Consumer prices of fuels during 197
Page 53 and 54:
other workers. Productivity is meas
Page 55 and 56:
Since the mid-1950s a dramatic chan
Page 57 and 58:
women's labor force participation;
Page 59 and 60:
The full-employment benchmark has b
Page 61 and 62:
Chart 4Gross National Product, Actu
Page 63 and 64:
groups can be a useful supplement t
Page 65 and 66:
TABLE 7.—Changes in gross nationa
Page 67 and 68:
Relative price movements were appar
Page 69 and 70:
August was followed by a 20 percent
Page 71 and 72:
main price indexes were significant
Page 73 and 74:
A broader measure of labor costs, c
Page 75 and 76:
TABLE 13.—Output, profits, net in
Page 77 and 78:
TABLE 15.—Federal Government rece
Page 79 and 80:
In the unified budget the total sho
Page 81 and 82:
The permanent changes in the Tax Re
Page 83 and 84:
tial output and the full-employment
Page 85 and 86:
For this reason, although the rate
Page 87 and 88:
quarter a year later. The actual gr
Page 89 and 90:
Partly as a result of the desire of
Page 91 and 92:
widespread among demographic groups
Page 93 and 94:
of longer-term trends. Over the pas
Page 95 and 96:
ment and earnings show little cycli
Page 97 and 98:
production or real GNP, and this al
Page 99 and 100:
percent from 1973. The cost of petr
Page 101 and 102:
COMMODITY MARKETS AND FOOD PRICESWo
Page 103 and 104:
TABLE 25.—Real income per farm an
Page 105 and 106:
While circumstances have enabled a
Page 107 and 108:
The policy actions taken in 1975 an
Page 109 and 110:
TABLE 27.—Changes in industrial p
Page 111 and 112:
States some underspending by public
Page 113 and 114:
continued strong domestically gener
Page 115 and 116:
GENERAL DEMAND TRENDSEconomic devel
Page 117 and 118:
PUBLIC SECTOR DEFICITSThe economic
Page 119 and 120:
insurance funds. The requirement th
Page 121 and 122:
TABLE 29.—Export shares in trade
Page 123 and 124:
Chart 7—ContinuedINDEX, 1973=100
Page 125 and 126:
widened and the possibility of borr
Page 127 and 128:
Chart 8—ContinuedInterest Rates i
Page 129 and 130:
Where stabilization policies are pe
Page 131 and 132:
Germany grew more in line with outp
Page 133 and 134:
TABLE 32.—Estimated disposition o
Page 135 and 136:
ates, and tax changes that facilita
Page 137 and 138:
facility is designed to help countr
Page 139 and 140: is necessary that the strongest eco
Page 141 and 142: A freezing of relative prices, eith
Page 143 and 144: implicit and explicit subsidies bui
Page 145 and 146: qualitative conclusions. For exampl
Page 147 and 148: For some youths unemployment is inv
Page 149 and 150: may be as low as 10 percent. Thus t
Page 151 and 152: large subsidies through the tax cre
Page 153 and 154: in the transportation and public ut
Page 155 and 156: trust exemption permits motor carri
Page 157 and 158: purchase less expensive air travel.
Page 159 and 160: produced with higher-cost energy so
Page 161 and 162: of establishing efficient methods o
Page 163 and 164: in the future. Consequently current
Page 165 and 166: demand and supply at support prices
Page 167 and 168: with stringent controls on peanut a
Page 169 and 170: aspects of the tax system which imp
Page 171 and 172: TABLE 35—Change in aUer-tax inter
Page 173 and 174: and raise the return to capital inc
Page 175: come, social security encourages pe
Page 179: LETTER OF TRANSMITTALCOUNCIL OF ECO
Page 182 and 183: RESPONSIBILITIES OF THE COUNCILThe
Page 184 and 185: the Administration's economic polic
Page 186 and 187: member of the senior staff, and Rob
Page 189: CONTENTSNATIONAL INCOME OR EXPENDIT
Page 194 and 195: TABLE B-2.—Gross national product
Page 196 and 197: TABLE B-3.—Implicit price deflato
Page 198 and 199: TABLE B-4.—Implicit price deflato
Page 200 and 201: TABLE B~6.—Gross national product
Page 206 and 207: TABLE B-ll.—Gross domestic produc
Page 208 and 209: TABLE B-13.—Personal consumption
Page 210 and 211: TABLE B-15.—Inventories and final
Page 212 and 213: TABLE B-17.—Relation of gross nat
Page 214 and 215: TABLE B-19.—National income by ty
Page 216 and 217: TABLE B-20.—Sources of personal i
Page 218 and 219: TABLE B-21.—Disposition of person
Page 220 and 221: 19291933Year orquarter1939...194019
Page 222 and 223: TABLE B~25.- -Number and money inco
Page 224 and 225: TABLE B-27.—Noninstitutional popu
Page 226 and 227: TABLE B-28.—Civilian employment a
Page 228 and 229: TABLE B-30.— Unemployment by dura
Page 230 and 231: TABLE B-32.—Wage and salary worke
Page 232 and 233: TABLE B-33.—Average weekly hours
Page 234 and 235: TABLE B-35.—Productivity and rela
Page 236 and 237: PRODUCTION AND BUSINESS ACTIVITYTAB
Page 238 and 239: TABLE B-39.—Industrial production
Page 240 and 241:
TABLE B-41.—New construction acti
Page 242 and 243:
TABLE B-42.—New housing units sta
Page 244 and 245:
TABLE B-44.—Sales and inventories
Page 246 and 247:
TABLE B-46.'—Manufacturers 1 new
Page 248 and 249:
TABLE B-48.—Consumer price indexe
Page 250 and 251:
TABLE B—50.—Consumer price inde
Page 252 and 253:
TABLE B-52.—Percent changes in co
Page 254 and 255:
19291933193919401941194219431944194
Page 256 and 257:
TABLE B-54.—Wholesale price index
Page 258 and 259:
TABLE B-56.—Percent changes in wh
Page 260 and 261:
TABLE B-58.—Commercial bank loans
Page 262 and 263:
TABLE B-60.—Total funds raised in
Page 264 and 265:
TABLE B-61.—Federal Reserve Bank
Page 266 and 267:
TABLE B-63.—Bond yields and inter
Page 268 and 269:
TABLE B-64,—Instalment credit ext
Page 270 and 271:
TABLE B-66.— Mortgage debt outsta
Page 272 and 273:
GOVERNMENT FINANCETABLE B-68.—Fed
Page 274 and 275:
TABLE B-69.—Federal budget receip
Page 276 and 277:
TABLE B-71.—Receipts and expendit
Page 278 and 279:
TABLE B-73.—Receipts and expendit
Page 280 and 281:
TABLE B-75.—Interest-bearing publ
Page 282 and 283:
TABLE B-77.—Average length and ma
Page 284 and 285:
TABLE B-79.—Corporate profits by
Page 286 and 287:
TABLE B—80.—-Corporate profits
Page 288 and 289:
TABLE B1-81.—Sales, profits, and
Page 290 and 291:
TABLE B-83.—Relation of profits a
Page 292 and 293:
TABLE B-85.—Current assets and li
Page 294 and 295:
TABLE B-87.—Common stock prices a
Page 296 and 297:
192919331939Year orquarter19401941
Page 298 and 299:
TABLE B-91.—Farm population, empl
Page 300 and 301:
TABLI. B-93.—Selected measures of
Page 302 and 303:
INTERNATIONAL STATISTICSTABLE B-95.
Page 304 and 305:
TABLE B-96.—U.S. merchandise expo
Page 306 and 307:
TABLE B-98.—U.S. overseas loans a
Page 308 and 309:
TABLE B-100.—U.S. reserve assets,
Page 310 and 311:
TABLE B-102.—Price changes in int
show all

ECONOMIC

Create successful ePaper yourself

Delete template?

Save as template?