ECONOMIC

TABLE C-15.—National income by type of income, 1929-73[Billions of dollars]Year orquarterTotalnationalincomelTotalCompensation ofemployeesWagesandsalariesSupplementstowagesandsalaries2Business and professionalincomeTotalIncomeofunincorporatedenterprisesInventoryvaluationadjustmentIncomeoffarmproprietors3TotalCorporate profitsand inventoryvaluationadjustmentRentalincomeofpersonsCorporateprofitsbeforetaxes iInventoryvaluationadjustmentNetinterest192986.851.150.40.79.08.80.16.25.410.510.00.54.7193340.329.529.0.53.33.9-.52.62.0-1.21.0-2.14.1193972.648.145.92.27.47.6-.24.42.76.37.0-.73.5194019411942194319441945.194619471948 -194981.1104.2137.1170.3182.6181.5181.9199.0224.2217.552.164.885.3109.5121.2123.1117.9128.9141.1141.049.862.182.1105.8116.7117.5112.0123.0135.4134.52.32.73.23.84.55.65.95.95.86.58.611.114.017.018.219.221.620.322.722.68.611.714.417.118.319.323.321.823.122.2.0-.6-.4-.2-.1-.1-1.7-1.5-.4.54.56.49.811.711.612.214.915.217.512.72.93.54.55.15.45.66.67.18.08.49.815.220.324.423.819.219.325.633.030.810.017.721.525.124.119.724.631.535.228.9-.2-2.5-1.2-.8-.3-.6-5.3-5.9-2.21.93.33.23.12.72.32.21.51.91.81.91950195119521953195419551956195719581959241.1278.0291.4304.7303.1331.0350.8366.1367.8400.0154.6180.7195.3209.1208.0224.5243.1256.0257.8279.1146.8171.1185.1198.3196.5211.3227.8238.7239.9258.27.89.610.210.911.513.215.217.317.920.924.026.127.127.527.630.331.332.833.235.125.126.526.927.627.630.531.833.133.235.3-1.1-.3.2-.2.0-.2-.5-.3-.1-.113.515.815.013.012.411.411.411.313.411.49.410.311.512.713.613.914.314.815.415.637.742.739.939.638.046.946.145.641.151.742.643.938.940.638.348 648.847.241.452.1-5.0-1.21.0-1.0-.3-1 7-2.7-1.5-.3-.52.02.32.62.83.64 14.65.66.87.11960196119621963196419651966196719681969414.5427.3457.7481.9518.1564.3620.6653.6711.1766.0294.2302.6323.6341.0365.7393.8435.5467.2514.6566.0270.8278.1296.1311.1333.7358.9394.5423.1464.9509.723.424.627.529.932.035.041.044.249.756.334.235.637.137.940.242.445.247.349.550.534.335.637.137.940.342.845.647.650.351.2.0.0.0.0-A-.4-.3-.7-.812.012.813.013.112.114.816.114.814.716.715.816.016.717.118.019.020.021.121.222.649.950.355.758.966.376.182.478.784.379.849.750.355.459.466.877.884.279.887.684.9.2-.1.3-.5-.5-1.7-1.8-1.1-3.3-5.18.410.011.613.815.818.221.424.426.930.51970197119721973 v800.5859.4941.81,054.2603.9644.1707.1785.3542.0573.8627.3691.561.970.379.793.950.051.954.057.550.752.655.160.0-.7-.7-1.1-2.516.916.820.226.823.924.524.125.169.280.191.1109.274.085.198.0126.5-4.8-4.9-6.9-17.336.542.045.250.4Seasonally adjusted annual rates1971:1II —III..IV..835.9853.6865.6882.7627.6638.8648.8661.2559.8569.3577.6588.667.769.671.172.650.951.752.352.716.916.616.317.524.424.724.724.475.880.580.983.480.885.587.086.9-5.0-5.0-6.1-3.640.241.442.743.51972: 1...IIIII.IV..911.0928.3949.2978.6684.3699.6713.1731.2607.3620.8632.5648.777.078.980.582.553.153.354.355.319.519.919.821.824.122.624.924.986.288.091.598.892.894.898.4106.1-6.6-6.7-6.9-7.343.944.845.746.61973: 1HIII.IV v1,015.01,038.21,067.4757.4774.9794.0815.0666.7682.3699.3717.690.892.694.797.556.357.157.958.724.324.427.131.324.724.625.325.7104.3107.9112.0119.6128.9129.0-15.4-21.1-17.0-15.647.949.451.153.01 National income is the total net income earned in production. It differs from gross national product mainly in that itexcludes depreciation charges and other allowances for business and institutional consumption of durable capital goods,and indirect business taxes. See Table C-14.2 Employer contributions for social insurance and to private pension, health, and welfare funds; compensation forinjuries; directors' fees; pay of the military reserve; and a few other minor items.3 Includes change in inventories.* See Table C-74 for corporate tax liability and profits after taxes.Source: Department of Commerce, Bureau of Economic Analysis.266