ECONOMIC

More documents

Recommendations

Info

TABLE B-56.—Percent changes in wholesale price indexes, major groups\ 1948-76(Percent change]Year or monthAllcommoditiesIndustrialcommoditiesFarm productsand processedfoods and feedsTotalConsumer finished goodsFoodsAll except foodsDec.toDec. 1YeartoyearDec.toDec 1YeartoyearDec.toDec 1YeartoyearDec.toDec.'YeartoyearDec.toDec 1YeartoyearDec.toDec. 1Yeartoyear19481949195019511952195319541 5-6.114.71.2-3.4.5-.68.2-5.03.911.4-2.7-1.4.25 0-5.014.0.4-1.41.4.28.6-2.13.610.4-2.3.8.2-6.8-8.917.03.5-8.2-2.3-2.67.6-11.74.813.8-3.9-6.5-.31.2-5.610.22.7-3.1-.1-.67.5-4.61.79.4-1.2-1.7-.1-2.4-7.413.35.3-5.9-2.2-1.99 2-8.11.912.4g-5.2-.84 C-4.58 2.9-1.11 6.36 3-2 11 67.2-1.39.31955 . . ..1956195719581959196019611962196319641.64.52.0.5.5-.20- 1.4.23.32.91.4.2.1-.4.3- 3.24.34.21.1.91.2-.6-.1'5.62.24.52.8.31.80- 50_ 1.5-6.46.04.2 2-4." 43.9-.6.6-2.10-4.7-.73.44.7-4.7.201.1-1.0-.6-.13.13.0.2-.72.1-.8.1-.4.2-.71.52.92.2-.81.0-.2.3-.5.2-2.93.65.3.4-3.75.2-1.8.5-1.3.4-2.5-.23.55.8-4.72.2-.4.9-1.2.51.72.51.7.2.8.4-.3-.11.182.42 5.11.3.4-.20-.1196519661S67196819693 41.71 02.84.82 03.322.53.91 42.21 92.73.91.32.21 52.53.49.5.2-1.83.57.54.26.6-3.42.45.54.01.61.?3.14.91.93.4.62.73.89.11.4-.44.88.23.86.5-1.63.76.1.91.72 12.02.971.61 92.12.4197019711972197319742 24.16 315.420.93 73.34 513.118.93 63.43 410.725.63 83.73 36.822.2-1 46.014 426.711.03.42.07.530.011.51.43.54.313.617.13.12.73.310.815.6-2.55.98.022.513.03.21.65.620.314.03 91.82.27.420.53 03.22 14.516.9197519764 24.79 24.66 06.411 56.3-.3-1.13.8-.66.22.19.63.25.5-2.58.4-.46.74.810.55.61975: JanFebMarAprMayJuneJulyAugSeptOctNovDec1976: JanFebMarApr....MayJuneJulyAugSept....OctNovDecUnadjustedSeasonallyadjusted-0.2-.7-.5!6.0.8.99.743 1.1 13-.2-.42.8.3.4.3-.1.9.6.6.80.2l'.O.6.31.2.66.3o o.9.3.7.7-.3.5.3.2Unadjusted0.8.5.3.5.4.2.3.6 5944.7.45.6.2.5.7.5.6.9.4.9Seasonallyadjusted0.8'.2.2.2.4.71.2 76.4.13.3.1.5.7.7.91.0.8.2Change from preceding month-2.5-2.7-1.93.01.8-.51.91.31.11.0-1.5-.6-2.1-1.9-.22.81.0.4-1.0-2.91.0-.92'. 70.7-.3-.6.8.9.91.5.2.81.0-.1.2-!5-. 4.7.2.2.4-.5.4.4.11.11 Changes from December to December are based on unadjusted indexes.Source: Department of Labor, Bureau of Labor Statistics.252-0.2-.4-.51.51.0.8.8.41.31.0.3.1-.9-.7-.41.4.3.1-.2-.41.0.4.71.00.6-.8-1.71.31.61.52.5-.51.4.4-1.0.1-1.0-1.9-.92.0.6-.6.1-2.4.1-.7-.52.8-1.2-1.1-1.53.12.11.21.0.7-.2-.3-2.7-2.1-.83.91.0-.9-1.7-2.2-'.4.82.4Seasonallyadjusted0.7 0.5.3 .2.3 .1.3 .2.3 .3.6 .5.6 .7.8 .9.5 1.01.3 1.0.8.4 .4.1.2-.2-. 10.6.6 .7.5 .6.6 1.11.0 .7.4 .7.2 .2Unadjusted-1.4-2.3-2.62.21.3.63.2.4.7.1-2 3-.1-.8-1.4-.91.9K4.3-3.4.6-1.8-.6.3 3.1SeasonallyadjustedUnadjustedSeasonallyadjustedUnadjustedSeasonallyadjustedUnadjusted.4.3-.100.8
MONEY STOCK, CREDIT, AND FINANCETABLE B-57.—Money stock measures, 1947-76[Averages of daily figures; billions of dollars, seasonally adjusted, except as noted]Overall measuresComponents and related itemsYear andmonthM!Currencyplusdemanddeposits)M 2(M, plustimedepositsat commercialbanksother thanarge CDs)M 3(IV! 2 plusdepositsat nonbankthriftinstitutions)CurrencylDeposits at commercial banksDemand2Time and savings 3TotalLargeCDs
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 and 190:
CONTENTSNATIONAL INCOME OR EXPENDIT
Page 191:
PageB-76. Estimated ownership of pu
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 202 and 203:
Page 204 and 205:
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 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?