Economic Report of the President

TABLE B-8.—Gross national product: Receipts and expenditures by major economic groups, 1929-80—Continued[Billions of dollars]Year orquarterGrossretainedearnings 4Businessurossprivatedomesticinvestment5Excess ofearningsor ofinvestment(-)Nettransfersandinterestpaid toforeigners®InternationalNet exports of goods andservicesExportsLess:ImportsExcessof nettransfersandinterestor ofnetexports(-) 7 .TotalincomeorreceiptsEquals:NetexportsStatisticaldiscrepancyGrossnationalproductorexpenditure19291933....1939 ....1940... .194119421943 .. ..19441945 ...1946 .. .194719481949. .19501951 . . ..1952 . .1953 . .19541955195619571958 ' ...."1959.1960 . .1961. .. .1962 .196319641965 . .1966196719681969 ..1970 _1971. . .197219731974.19751976.19771978 .197911.63.18.810.812.114.816.717.616.b15.922.130.231.530.734.837.438.241.147.949.452.051.758.758.360.067.271.076.786.092.795.6100.0103.0102.8119.7136.6148.7149.4188.4211.9248.3279.1312.716.21.49.313.117.99.95.87.210.630.734.045.935.353.859.252.153.352.768.471.069.261.978.175.974.885.490.997.4113.5125.7122.8133.3149.3144.2166.4195.0229.8228.7206.1257.9322.3375.3415.8-4.61.7-.4-2.3-5.84.910.910.55.4-147-11.9-15.6-3.8-23.1-24.4-14.7-15.1-11.6-20.5-21.6-17.2-10.2-19.4-17.6-14.8-18.3-19.9-20.6-27.5-33.0-27.2-33.3-46.2-41.4-46.7-58.4-81.1-79.2-17.7-46.0-74.0-96.3-103.10.4.2.2.2.2.2.2.3.82.92.64.55.64.03.52.62.52.32.52.52.52.42.62.62.83.03.23.23.33.53.73.73.84.35.56.57.78.58.58.79.613.216.27.02.44.65.46.15.04.65.57.415.120.217.516.314.419.719.118.018.721.025.028.124.224.828.929.931.834.238.841.144.647.352.457.565.768.877.5109.6146.2154.9170.9183.3219.8281.35.92.03.43.64.74.86.57.27.97.38.310.59.812.215.315.916.716.218.019.820.821.023.423.423.325.426.628.832.338.141.048.153.359.064.776.795.4132.8128.1157.1187.5220.4267.91.1.41.21.81.5.2-1.9-1.7-.57.811.96.96.52.24.43.21.32.53.05.37.33.31.45.56.66.47.610.18.86.56.34.34.26.74.1.714.213.426.813.8-4.2-.613.4-0.8-.2-1.0-1.5-1.3".12.12.01.3-4.9-9.3-2.4-.91.8-.9-.61.3-.2-.4-2.8-4.8-.91.2-2.8-3.8-3.4-4.4-6.8-5.4-3.0-2.6—6-•4-2.31.45.8-6.5-4.9-18.3-5.113.913.82.8102.355.189.598.9124.5159.3193.9207.9208.3209.3231.5261.1257.8285.2327.6346.2364.5364.8398.7423.8445.2449.5489.2508.9524.7562.9595.0637.6692.3754.6799.8875.5947.9994.21,073.51,182.61,325.61,430.51,543.71,712.91,913.62,149.72,411.71.1.71.41.1.6-.8-1.82.74.1.51.5-1.6.61.33.21.72.32.01.3-2.1-1.2.2-1.3-2.4__ j2il1.7.1-1.21.4-.3-2.1-3.9-1.54.13.3.83.75.55.14.46.42.2103.455.890.9100.0125.0158.5192.1210.6212.4209.8233.1259.5258.3286.5330.8348.0366.8366.8400.0421.7444.0449.7487.9506.5524.6565.0596.7637.7691.1756.0799.6873.4944.0992.71,077.61,185.91.326.41,434.21,549.21,718.01,918.02,156.12,413.91980" . ...333.4395.1-61.618.0341.2313.627.5-9.52,625.71.72,627.41 Personal income less personal tax and nontax payments (fines, penalties, etc.).2 Interest paid by consumers to business and net personal transfer payments to foreigners.3 Government transfer payments to persons and foreigners, net interest paid by government less dividends received by Stateand local government, subsidies less current surplus of government enterprises, and disbursements less wage accruals.4 Undistributed corporate profits with inventory valuation and capital consumption adjustments, corporate and noncorporatecapital consumption allowances with capital consumption adjustment, and private wage accruals less disbursements.5 See Table B-14.8 Net transfers to foreigners by persons and government and interest paid by government to foreigners.7 Capital grants received by the United States (net) less net foreign investment.Source: Department of Commerce, Bureau of Economic Analysis.243