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TABLE B–5.—Contributions to percent change in real gross domestic product, 1960–99[Percentage points, except as noted; quarterly data at seasonally adjusted annual rates]Personal consumption expendituresGross private domestic investmentYear orquarterGrossdomesticproduct(percentchange)TotalDurablegoodsNondurablegoodsServicesTotalTotalTotalFixed investmentNonresidentialResidentialStructuresEquipmentandsoftwareChangeinprivateinventories1960 ....................................... 2.5 1.71 0.17 0.44 1.10 0.00 0.13 0.52 0.28 0.24 −0.39 −0.131961 ....................................... 2.3 1.27 −.31 .53 1.05 −.10 −.05 −.06 .05 −.11 .01 −.051962 ....................................... 6.0 3.09 .89 .90 1.30 1.80 1.23 .77 .16 .61 .46 .571963 ....................................... 4.3 2.56 .77 .59 1.20 1.00 1.07 .50 .04 .46 .58 −.081964 ....................................... 5.8 3.70 .77 1.33 1.60 1.24 1.37 1.07 .36 .71 .30 −.121965 ....................................... 6.4 3.90 1.06 1.43 1.40 2.15 1.49 1.64 .57 1.07 −.15 .661966 ....................................... 6.6 3.51 .73 1.46 1.32 1.44 .86 1.29 .27 1.02 −.43 .581967 ....................................... 2.5 1.82 .13 .42 1.27 −.76 −.28 −.15 −.10 −.05 −.13 −.481968 ....................................... 4.8 3.47 .92 1.18 1.36 .89 .99 .46 .05 .40 .53 −.101969 ....................................... 3.1 2.33 .31 .69 1.33 .90 .90 .77 .20 .57 .13 .001970 ....................................... .2 1.41 −.28 .61 1.08 −1.04 −.31 −.06 .01 −.07 −.26 −.721971 ....................................... 3.1 2.19 .81 .47 .91 1.66 1.09 −.01 −.06 .06 1.09 .571972 ....................................... 5.3 3.65 1.07 1.11 1.46 1.86 1.80 .92 .12 .80 .88 .061973 ....................................... 5.7 2.98 .90 .82 1.26 1.96 1.46 1.50 .31 1.18 −.04 .501974 ....................................... −.3 −.28 −.61 −.51 .84 −1.31 −1.04 .09 −.08 .17 −1.13 −.271975 ....................................... −.3 1.39 .00 .37 1.02 −2.98 −1.71 −1.14 −.43 −.71 −.57 −1.271976 ....................................... 5.2 3.41 1.04 1.24 1.13 2.83 1.42 .52 .09 .42 .91 1.411977 ....................................... 4.5 2.62 .80 .60 1.22 2.43 2.18 1.19 .15 1.04 .99 .251978 ....................................... 5.7 2.94 .47 .91 1.56 2.06 1.94 1.59 .44 1.15 .35 .121979 ....................................... 3.4 1.75 −.03 .65 1.13 .60 1.01 1.22 .51 .71 −.21 −.411980 ....................................... .0 .03 −.66 −.04 .72 −2.09 −1.18 −.01 .30 −.30 −1.17 −.911981 ....................................... 2.5 .89 .10 .29 .49 1.58 .38 .73 .39 .34 −.35 1.201982 ....................................... −1.9 .88 .00 .23 .65 −2.55 −1.21 −.50 −.08 −.42 −.71 −1.341983 ....................................... 4.2 3.37 1.08 .80 1.49 1.48 1.19 −.13 −.54 .41 1.32 .291984 ....................................... 7.3 3.50 1.15 .93 1.42 4.62 2.67 2.04 .61 1.43 .63 1.951985 ....................................... 3.9 3.17 .81 .61 1.75 −.17 .89 .83 .33 .50 .06 −1.061986 ....................................... 3.4 2.73 .78 .78 1.16 −.12 .20 −.34 −.49 .16 .54 −.321987 ....................................... 3.5 2.27 .16 .52 1.59 .42 .00 −.01 −.14 .13 .01 .421988 ....................................... 4.2 2.68 .51 .68 1.49 .44 .58 .60 .05 .56 −.02 −.141989 ....................................... 3.5 1.72 .18 .58 .95 .60 .42 .61 .09 .52 −.19 .171990 ....................................... 1.7 1.20 −.08 .30 .98 −.49 −.28 .08 .05 .03 −.36 −.211991 ....................................... −.2 .10 −.53 −.09 .71 −1.26 −1.00 −.53 −.38 −.15 −.47 −.261992 ....................................... 3.3 2.13 .39 .40 1.34 1.12 .86 .34 −.18 .52 .52 .261993 ....................................... 2.4 2.00 .61 .61 .79 1.18 1.09 .82 .02 .80 .26 .101994 ....................................... 4.0 2.52 .59 .79 1.15 1.89 1.28 .91 .02 .89 .37 .611995 ....................................... 2.7 2.04 .37 .60 1.08 .47 .88 1.03 .13 .90 −.15 −.411996 ....................................... 3.7 2.22 .44 .60 1.18 1.37 1.39 1.10 .20 .91 .29 −.021997 ....................................... 4.5 2.51 .51 .59 1.41 1.82 1.31 1.22 .25 .97 .09 .501998 ....................................... 4.3 3.24 .86 .79 1.59 1.93 1.86 1.49 .13 1.37 .37 .071999 p .................................... 4.0 3.52 .89 1.04 1.59 .99 1.32 1.02 −.08 1.10 .31 −.331994: I .................................... 3.6 2.56 .41 .99 1.16 2.54 .79 .44 −.45 .89 .34 1.75II .................................. 5.7 2.36 .28 .70 1.37 3.57 1.41 .81 .52 .30 .60 2.16III ................................. 2.2 2.05 .35 .73 .97 −.93 .60 .73 −.03 .75 −.13 −1.53IV ................................. 5.1 2.79 .95 .88 .95 2.72 1.51 1.69 .08 1.61 −.18 1.211995: I .................................... 1.5 1.09 −.20 .46 .84 .51 1.31 1.63 .23 1.39 −.31 −.80II .................................. .8 2.64 .39 .60 1.65 −1.90 −.38 .27 .16 .11 −.65 −1.51III ................................. 3.2 2.20 .74 .35 1.11 −.53 .66 .29 −.01 .30 .37 −1.19IV ................................. 3.3 1.81 .27 .69 .85 1.81 1.38 1.02 −.02 1.04 .36 .421996: I .................................... 2.9 2.17 .32 .47 1.39 1.16 1.74 1.41 .28 1.13 .33 −.58II .................................. 6.9 3.06 .99 .86 1.22 3.26 2.04 1.28 .29 .99 .76 1.22III ................................. 2.2 1.41 −.12 .44 1.09 2.50 1.43 1.47 .21 1.27 −.04 1.07IV ................................. 4.9 2.14 .39 .79 .96 .15 .95 1.12 .61 .51 −.17 −.801997: I .................................... 4.9 3.28 .81 .78 1.69 2.13 1.19 1.07 .24 .83 .12 .94II .................................. 5.1 1.24 −.11 −.02 1.38 3.33 1.30 1.12 −.12 1.24 .19 2.02III ................................. 4.0 4.29 1.42 1.11 1.76 .17 1.80 1.78 .32 1.45 .03 −1.63IV ................................. 3.1 2.22 .38 .06 1.78 1.30 .63 .38 .13 .24 .26 .661998: I .................................... 6.7 3.75 1.24 1.15 1.37 5.04 3.45 2.91 .18 2.73 .54 1.59II .................................. 2.1 3.96 .84 1.28 1.85 −.85 1.95 1.42 .22 1.21 .53 −2.80III ................................. 3.8 2.64 .33 .49 1.83 1.74 .34 .01 −.21 .22 .33 1.40IV ................................. 5.9 3.13 1.51 .98 .64 1.94 2.20 1.79 .18 1.61 .41 −.261999: I .................................... 3.7 4.27 .96 1.68 1.63 .67 1.48 .94 −.18 1.12 .53 −.80II .................................. 1.9 3.36 .71 .64 2.01 −.36 1.10 .86 −.16 1.02 .24 −1.46III ................................. 5.7 3.33 .62 .73 1.97 2.25 1.16 1.33 −.11 1.44 −.17 1.09IV p ............................... 5.8 3.59 .93 1.22 1.43 1.46 .28 .33 −.15 .48 −.05 1.18See next page for continuation of table.312
TABLE B–5.—Contributions to percent change in real gross domestic product, 1960–99—Continued[Percentage points, except as noted; quarterly data at seasonally adjusted annual rates]Net exports ofgoods and servicesGovernment consumption expendituresand gross investmentYear orquarterNetexportsTotalExportsGoodsTotalImportsGoodsTotalTotalFederalServicesServicesNationaldefenseNondefenseStateandlocal1960 ....................................... 0.79 0.85 0.76 0.09 −0.06 0.05 −0.11 −0.01 −0.39 −0.21 −0.18 0.391961 ....................................... .11 .08 .02 .06 .03 .00 .02 1.04 .48 .43 .06 .561962 ....................................... −.21 .25 .17 .08 −.47 −.40 −.07 1.35 1.06 .63 .43 .291963 ....................................... .24 .35 .29 .06 −.12 −.12 .00 .54 −.04 −.27 .23 .571964 ....................................... .41 .63 .51 .12 −.23 −.19 −.03 .44 −.22 −.44 .23 .661965 ....................................... −.35 .10 .02 .08 −.45 −.41 −.04 .68 .02 −.17 .19 .661966 ....................................... −.32 .33 .27 .06 −.65 −.49 −.16 1.92 1.29 1.25 .04 .631967 ....................................... −.23 .11 .02 .09 −.34 −.17 −.16 1.67 1.16 1.19 −.03 .511968 ....................................... −.35 .36 .30 .06 −.70 −.68 −.03 .75 .12 .18 −.07 .631969 ....................................... −.02 .27 .20 .07 −.29 −.20 −.09 −.08 −.41 −.48 .06 .331970 ....................................... .32 .54 .44 .10 −.22 −.15 −.07 −.52 −.84 −.80 −.04 .321971 ....................................... −.26 .03 −.02 .04 −.29 −.33 .04 −.47 −.82 −.90 .09 .351972 ....................................... −.21 .42 .43 −.01 −.63 −.57 −.06 .00 −.24 −.40 .16 .241973 ....................................... .91 1.21 1.01 .20 −.29 −.34 .05 −.18 −.51 −.49 −.01 .331974 ....................................... .87 .70 .46 .24 .18 .17 .00 .43 −.02 −.17 .14 .461975 ....................................... .89 −.05 −.16 .11 .94 .87 .07 .42 .00 −.08 .08 .421976 ....................................... −.99 .46 .31 .15 −1.45 −1.35 −.10 −.02 −.11 −.14 .02 .101977 ....................................... −.72 .20 .08 .11 −.91 −.84 −.07 .20 .15 .05 .11 .041978 ....................................... .05 .83 .68 .15 −.78 −.67 −.11 .65 .23 .05 .19 .421979 ....................................... .65 .81 .77 .04 −.16 −.14 −.02 .40 .21 .16 .04 .201980 ....................................... 1.69 .98 .86 .12 .71 .67 .04 .42 .40 .24 .16 .011981 ....................................... −.15 .12 −.08 .20 −.27 −.18 −.09 .19 .41 .37 .04 −.231982 ....................................... −.54 −.66 −.67 .01 .12 .20 −.08 .33 .33 .47 −.14 .001983 ....................................... −1.35 −.22 −.19 −.03 −1.13 −1.00 −.13 .69 .60 .47 .13 .091984 ....................................... −1.57 .65 .46 .19 −2.22 −1.83 −.39 .73 .31 .35 −.04 .421985 ....................................... −.44 .21 .19 .02 −.65 −.51 −.13 1.32 .73 .60 .13 .591986 ....................................... −.30 .52 .26 .26 −.83 −.82 −.01 1.13 .54 .46 .07 .601987 ....................................... .20 .82 .56 .26 −.62 −.39 −.23 .64 .36 .35 .01 .281988 ....................................... .84 1.25 1.04 .22 −.41 −.36 −.05 .25 −.18 −.06 −.12 .421989 ....................................... .59 1.02 .79 .22 −.43 −.37 −.05 .55 .12 −.05 .17 .431990 ....................................... .39 .80 .55 .25 −.41 −.26 −.15 .65 .18 .00 .18 .481991 ....................................... .70 .65 .48 .17 .05 .00 .05 .25 −.02 −.07 .05 .281992 ....................................... −.04 .64 .48 .16 −.68 −.77 .08 .12 −.14 −.31 .17 .261993 ....................................... −.64 .30 .21 .09 −.94 −.85 −.09 −.18 −.33 −.32 −.01 .151994 ....................................... −.41 .88 .67 .21 −1.29 −1.18 −.11 .02 −.29 −.26 −.02 .311995 ....................................... .12 1.07 .86 .20 −.95 −.87 −.08 .09 −.20 −.19 −.01 .291996 ....................................... −.14 .90 .68 .23 −1.04 −.94 −.09 .21 −.06 −.06 .00 .281997 ....................................... −.25 1.40 1.12 .28 −1.65 −1.43 −.22 .42 −.01 −.11 .10 .431998 ....................................... −1.18 .25 .17 .08 −1.43 −1.21 −.22 .31 −.06 −.08 .02 .371999 p ..................................... −1.11 .38 .29 .09 −1.49 −1.33 −.16 .64 .18 .08 .10 .471994: I .................................... −.71 .15 −.28 .43 −.85 −.72 −.13 −.79 −.91 −.98 .06 .12II ................................... −.33 1.62 1.27 .35 −1.95 −1.91 −.04 .15 −.31 .07 −.37 .45III .................................. −.35 .97 .95 .02 −1.32 −1.33 .01 1.46 .97 .71 .25 .49IV .................................. .26 1.39 1.20 .19 −1.13 −1.16 .03 −.67 −.90 −1.06 .16 .241995: I .................................... −.25 .75 .66 .09 −.99 −.66 −.33 .18 −.09 −.04 −.05 .27II ................................... −.27 .46 .37 .10 −.74 −.83 .09 .37 .01 .01 .01 .35III .................................. 1.68 1.83 1.13 .69 −.15 −.10 −.05 −.15 −.20 −.19 −.01 .05IV .................................. .59 1.07 .84 .23 −.48 −.36 −.12 −.90 −1.22 −.67 −.55 .321996: I .................................... −1.03 .26 .40 −.14 −1.29 −1.18 −.11 .59 .63 .32 .31 −.04II ................................... −.79 .77 .35 .42 −1.55 −1.47 −.08 1.37 .60 .36 .24 .78III .................................. −1.29 .38 .61 −.23 −1.67 −1.45 −.22 −.41 −.54 −.38 −.16 .13IV .................................. 2.13 2.89 1.75 1.14 −.76 −.76 .00 .47 −.08 −.10 .02 .551997: I .................................... −.79 .98 1.09 −.12 −1.77 −1.39 −.38 .32 −.18 −.52 .34 .50II ................................... −.44 1.75 1.39 .36 −2.19 −2.02 −.17 1.02 .63 .40 .23 .39III .................................. −.77 1.29 1.04 .25 −2.06 −1.67 −.39 .31 −.08 −.01 −.08 .40IV .................................. −.44 .21 .29 −.08 −.64 −.54 −.11 −.01 −.28 −.10 −.17 .271998: I .................................... −1.90 −.16 −.22 .06 −1.74 −1.42 −.32 −.16 −.64 −.76 .12 .48II ................................... −2.01 −.45 −.73 .28 −1.56 −1.36 −.20 1.03 .69 .42 .27 .33III .................................. −.82 −.18 .12 −.30 −.65 −.51 −.13 .23 −.14 .27 −.42 .37IV .................................. .33 1.65 1.38 .27 −1.32 −1.29 −.03 .51 .24 −.12 .36 .281999: I .................................... −2.13 −.61 −.74 .13 −1.52 −1.28 −.24 .87 −.03 −.16 .13 .90II ................................... −1.35 .42 .32 .10 −1.77 −1.59 −.19 .23 .13 −.10 .23 .10III .................................. −.72 1.19 1.19 .00 −1.91 −1.83 −.08 .81 .26 .42 −.16 .55IV p ................................ −.70 .74 .57 .17 −1.44 −1.13 −.30 1.45 .94 .70 .24 .52Source: Department of Commerce, Bureau of Economic Analysis.313
Page 1 and 2:
E C O N O M I CR E P O R TO F T H E
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C O N T E N T SPageECONOMIC REPORT
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ECONOMIC REPORT OF THE PRESIDENTTo
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my State of the Union address, I pr
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hard-pressed families—with additi
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LETTER OF TRANSMITTALCOUNCIL OF ECO
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PageSources of Business Cycle Moder
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PageHeterogeneity in Abatement Bene
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Page2-3. Net Worth and the Personal
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PageLIST OF BOXES2-1. The CPI-U-RS,
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These successes notwithstanding, th
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$33,740, Americans today can acquir
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those in the highest decile rose 0.
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Data on poverty also show progress.
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Over the years, government support
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asis, the current expansion also sh
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The current expansion, by contrast,
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InflationAccelerating inflation pos
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it was argued, must be shifting the
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is that the direction of technologi
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Challenges for the FutureThis chapt
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in the new labor market. The chapte
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disruptive in some cases. Finally,
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C H A P T E R 2Macroeconomic Policy
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Chapter 2 | 51
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usiness cycle has changed over the
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cent over the four quarters of 1999
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framework that continues to pay dow
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The labor force participation rate
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Box 2-1.—continuedof no substitut
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feed directly into the index. Moreo
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funds rate (the interest rate that
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nesses with below-investment-grade
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From 1989 to 1999, corporate earnin
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ital includes the value of intellec
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of gross personal saving to GDP has
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The beginnings and ends of U.S. bus
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introduced in 1913 and Social Secur
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Of course, it is premature to decla
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Box 2-3.What Did We Learn from the
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TABLE 2-3.— Accounting for the Pr
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future extrapolates long-term trend
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Over the past 6 years, the CPI-U-RS
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work enables job hunters to work wh
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Chart 2-17 shows how this could hap
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of professional economic forecaster
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Administration’s forecast is used
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Innovations during the 20th century
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transformations the Internet and e-
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Another industry that saw major cha
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One example is the “lean” produ
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Box 3-1. Measuring the Economy in a
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Box 3-2. Implementing Local Competi
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of fiber optic cable deployed by te
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How Information Technology IsChangi
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total investment in information tec
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For e-retailers, the Internet repla
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suppliers for surplus quantities of
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However, the same technology that d
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value of each network to its users.
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many possible uses but that depends
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Maintaining CompetitionAnother way
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Similarly, by reducing barriers to
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Formal education was a far less imp
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The Transformation of the Labor Mar
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Americans has risen almost 10-fold
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diploma (Chart 4-5). That same year
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ensuring equal opportunity for all
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those of men (again looking at full
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Box 4-1. The Role of Government Pol
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severe disabilities. For example, a
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Box 4-2.—continuedOther policy in
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equirements of jobs. To right this
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uild and maintain a world-class ele
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Class Size Reduction. Average class
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During this Administration, the Fed
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years ago. In 2000, 13.1 million st
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through a period of unpaid training
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The first major mandatory training
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a 30-year low, labor force particip
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ConclusionTwo key developments—th
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TABLE 5-1.—Contrasting American F
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opened up for women to work and as
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The increased prevalence of single-
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to an increasing share of the popul
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Box 5-1.—continuedAlthough most f
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For the past 50 years, the median i
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gle mothers the median rose from $1
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TABLE 5-3.— Share of Women with C
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income growth over the last 30 year
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consumption patterns have changed,
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Increases in the Minimum WageThe mi
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Box 5-4.The National Strategy to Re
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or older, and of those 85 or older,
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of single-parent families increased
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caregivers for the elderly say thei
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would allow all workers who get tim
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C H A P T E R 6Opportunity and Chal
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Meanwhile innovations in transporta
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But to look at U.S. trade only in t
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Data from the U.S. computer industr
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net indebtedness of about 18 percen
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capital flows. Coupled with other d
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forces to play themselves out. In t
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The Benefits of a Global EconomyThe
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Domestic production can expand when
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In short, increased globalization b
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key sectors such as finance, teleco
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international trade is not a zero-s
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As these data suggest, not all WTO
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For example, preferential U.S. trad
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By contrast, in 1998 output fell on
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Box 6-3.The New International Finan
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The key objective of the initiative
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Chapter 6 | 233
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demand for exports. It would be a m
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integrating with the world economy
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The past century of experience in a
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242 | Economic Report of the Presid
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Box 7-1.—continuedand energy pric
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Box 7-2.—continuedproviding usefu
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Incentive-Based Approaches to Addre
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compliance costs may fall by less t
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Box 7-4.—continuedroughly 5 to 15
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so a system of multipollutant tradi
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sulfur dioxide trading program. The
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Page 269 and 270: Box 7-9.—continuedthe use of ener
Page 271 and 272: C O N C L U S I O NA Century of Cha
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Page 277 and 278: have much to gain from continuing t
Page 279 and 280: Appendix AREPORT TO THE PRESIDENT O
Page 281 and 282: Council Members and Their Dates of
Page 283 and 284: previously served as the New Centur
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Page 287 and 288: with a number of developing countri
Page 289 and 290: Michael Treadway provided editorial
Page 291: Appendix BSTATISTICAL TABLES RELATI
Page 294 and 295: POPULATION, EMPLOYMENT, WAGES, AND
Page 296 and 297: AGRICULTURE:PageB-95. Farm income,
Page 298 and 299: NATIONAL INCOME OR EXPENDITURETABLE
Page 300 and 301: TABLE B-2.—Real gross domestic pr
Page 302 and 303: TABLE B-3.—Quantity and price ind
Page 306 and 307: TABLE B-6.—Chain-type quantity in
Page 308 and 309: TABLE B-7.—Chain-type price index
Page 310 and 311: TABLE B-8.—Gross domestic product
Page 312 and 313: Year orquarterGrossdomesticproductT
Page 314 and 315: TABLE B-12.—Gross product of nonf
Page 316 and 317: TABLE B-14.—Personal consumption
Page 318 and 319: TABLE B-16.—Private gross fixed i
Page 320 and 321: TABLE B-18.—Government consumptio
Page 322 and 323: TABLE B-20.—Private inventories a
Page 324 and 325: Year orquarterTABLE B-22.—Foreign
Page 326 and 327: TABLE B-24.—Relation of gross dom
Page 328 and 329: Year orquarterTABLE B-26.—Nationa
Page 330 and 331: TABLE B-27.—Sources of personal i
Page 332 and 333: TABLE B-28.—Disposition of person
Page 334 and 335: TABLE B-30.—Gross saving and inve
Page 336 and 337: TABLE B-31.—Median money income (
Page 338 and 339: TABLE B-33.—Civilian population a
Page 340 and 341: TABLE B-34.—Civilian employment a
Page 342 and 343: TABLE B-36.—Unemployment by demog
Page 344 and 345: TABLE B-38.—Civilian labor force
Page 346 and 347: TABLE B-40.—Civilian unemployment
Page 348 and 349: TABLE B-42.—Unemployment by durat
Page 350 and 351: TABLE B-44.—Employees on nonagric
Page 352 and 353: TABLE B-45.—Hours and earnings in
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Year orquarterOutput per hourof all
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PRODUCTION AND BUSINESS ACTIVITYTAB
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TABLE B-51.—Industrial production
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Year or monthTABLE B-53.—New cons
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TABLE B-55.—Manufacturing and tra
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Year or monthTotalTABLE B-57.—Man
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Year ormonthTABLE B-59.—Consumer
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TABLE B-60.—Consumer price indexe
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TABLE B-62.—Changes in consumer p
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TABLE B-63.—Producer price indexe
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TABLE B-65.—Producer price indexe
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TABLE B-66.—Changes in producer p
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TABLE B-68.—Components of money s
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TABLE B-69.—Aggregate reserves of
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Year andmonthBills(new issues) 13-m
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TABLE B-72.—Credit market borrowi
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TABLE B-73.—Mortgage debt outstan
Page 388 and 389:
TABLE B-75.—Consumer credit outst
Page 390 and 391:
TABLE B-77.—Federal budget receip
Page 392 and 393:
TABLE B-79.—Federal receipts, out
Page 394 and 395:
TABLE B-81.—Federal and State and
Page 396 and 397:
TABLE B-83.—State and local gover
Page 398 and 399:
TABLE B-85.—Interest-bearing publ
Page 400 and 401:
End of monthTABLE B-87.—Estimated
Page 402 and 403:
TABLE B-89.—Corporate profits by
Page 404 and 405:
TABLE B-91.—Sales, profits, and s
Page 406 and 407:
Year or monthTABLE B-93.—Common s
Page 408 and 409:
AGRICULTURETABLE B-95.—Farm incom
Page 410 and 411:
TABLE B-97.—Farm output and produ
Page 412 and 413:
Year ormonthTABLE B-99.—Indexes o
Page 414 and 415:
Year orquarterExportsINTERNATIONAL
Page 416 and 417:
TABLE B-102.—U.S. international t
Page 418 and 419:
TABLE B-104.—U.S. international t
Page 420 and 421:
TABLE B-106.—Industrial productio
Page 422 and 423:
PeriodTABLE B-108.—Foreign exchan
Page 424:
TABLE B-110.—Growth rates in real
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