current business statistics - Bureau of Economic Analysis

February 1972; SURVEY OF CURRENT BUSINESS 11
1970 1971*
1970
III IV
1971
I II III IV
Seasonally adjusted at annual rates
Billions of dollars
Table 4.—Relation of Gross National Product, National Income,
and Personal Income (1.9)
Gross national product
Less: Capital consumption
allowances
Equals: Net national product- 886.5
Less: Indirect business tax
and nontax liability. _
Business transfer pay-
ments
Statistical discrepancy
Plus: Subsidies less current
surplus government
enterprises
Equals: National income
Less: Corporate profits and
inventory valuation
adjustment
Contributions for social
insurance
Wage accruals less disbursements
.
Plus: Government transfer
payments to persons-
Interest paid by government
(net) and by
consumers .
Dividends
Business transfer payments
_
Equals : Personal income
974.1
87.6
92.9
3.9
—4 5
1.7
795.9
70 8
57.6
.0
75.6
31.7
25.0
3.9
803.6
1,046.8
95.2
951.6
102.1
4.3
—4.7
1.0
850.8
80 7
65.2
.0
90.4
31.9
25.5
4.3
857.0
983.5
88.2
895.3
94.2
4.0
—3.2
1.9
802.2
73 0
58.4
-.4
77.2
32.2
25.2
4.0
809.8
988.4
89.8
898.6
95.8
4.1
-1.6
1.7
802.1
69 0
58.5
.0
80.7
32.4
25.0
4.1
816.7
1,020.8
92.0
928.8
99.0
4.2
-4.3
1.8
831.7
79.5
64.0
.0
83.7
31.8
25.6
4.2
833.5
1,040.0
93.9
946.1
100.2
4.2
-4.9
.7
847.3
82.5
64.6
.0
92.2
31.4
25.4
4.2
853.4
1,053.4
96.2
957.2
103.0
4.3
-4.7
.7
855.2
80 0
65.4
.0
92.5
32.2
25.7
4.3
864.6
1,072.9
98.7
974.2
106.2
4.4
.7
66.6
.0
93.3
32.2
25.3
4.4
876.7
Table 5.—-Gross Auto Product in Current and Constant Dollars
(1.15,1.16)
Gross auto product 1
Personal consumption expenditures
Producers' durable equipment
-_ _..__ -.-
Change in dealers' auto
inventories
Net exports
Exports. _
Imports
Addenda:
New cars, domestic 2
New cars, foreign. _
Gross auto product 1
Personal consumption expenditures
_
Producers' durable equipment
_ _
Change in dealers' auto inventories
Net exports
Exports-
Imports
Addenda:
New cars, domestic 2 _
New cars, foreign. . _
30.6
28.0
4.9
-.9
-1.8
2.0
3.7
26.0
6.3
28.3
25.9
4.6
-.9
-1.7
1.9
3.6
24.7
6.0
40.6
35.3
6.2
1.3
-2.6
2.6
5.2
35.4
7.8
36.1
31.3
5.6
1.2
-2.4
2.4
4.7
32.3
7.1
Billions of current dollars
34.1
29.6
5.2
.5
-1.6
2.2
3.7
30.2
5.5
31.6
27.4
4.9
.5
-1.5
2.1
3.6
28.6
5.2
22.0
23.5
4.1
-3.6
-2.3
1.4
3.7
17.1
6.5
42,1
33.9
6.0
4.1
-2.2
2.6
4.8
36.7
7.9
39.8
34.4
6.1
1.3
-2.3
2.7
5.0
Billions of 1958 dollars
19.6
21.1
3.7
-3.4
-2.2
1.3
3.5
15.8
6.0
36.8
29.5
5.3
3.8
-2.0
2.4
4.4
32.9
7.1
34.1
8.2
34.7
29.9
5.3
1.2
-2.1
2.4
4.6
30.5
7.3
42.1
36.8
6.5
1.4
-3.0-
2.9
5.8
37.6
7.8
37.5
32.7
5.8
1.4
-2.7
2.6
5.3
34.4
7.0
38.4
38.1
6.4
-1.6
-2.9
2.2
5.1
33.4
7.4
35.2
33.1
5.9
-1.5
-2.6
2.0
4.6
1. The gross auto product total includes government purchases.
2. Differs from the gross auto product total by the markup on both used cars and foreign
cars.
* Corporate profits (and related components and totals) for 1971 total are preliminary and
subject to revision next month.
31.4
7.0
1970 1971*
1970
III IV
1971
I II III IV
Seasonally adjusted at annual rates
Billions of dollars
Table 6.—National Income by Type of Income (1.10)
National income _____ _ 795.9 850.8 802.2 802.1 831.7 847.3 855.2
Compensation of employees
Wages and salaries
Private
Military _ _ __
Government civilian
Supplements to wages and salaries. _
Employer contributions for social
insurance
Other labor income __.
Proprietors' income
Business and professional
Farm
Rental income of persons _
Corporate profits and inventory valuation
adjustment . _
Profits before tax
Profits tax liability
Profits after tax ___
Dividends
Undistributed profits
Inventory valuation adjustment
Net interest
801.9
541.4
426.6
19.4
95 5
60.5
29.6
30.8
66.9
51.0
15.8
23.3
70.8
75 4
34.1
41.2
25.0
16 2
-4.5
33.0
641.9
574.2
450.4
18.6
105.2
67.7
34.0
33.7
68.3
52.1
16.3
24.3
80.7
85.2
37.8
47.4
25.5
21 9
-4.4
35.6
606.5
545.2
429.4
19.2
96.6
61.3
30. 1
31.2
66.0
51.4
14 5
23.4
73 0
78 5
35.6
42.9
25.2
17 7
-5.5
33.4
609.3
547.2
429.9
18.6
98 6
62.1
30 1
32.0
65.9
51 5
14 4
23.7
69 0
71 6
32.3
39.2
25.0
14 3
-2.6
34.2
627.3
561 4
440.3
19.2
101 8
65.9
33 3
32.6
66.4
51 6
14 8
23.8
79 5
83 0
38 3
44.8
25.6
19 2
-3.5
34 8
638.0
571 0
448.4
18.6
104 0
67.0
33 6
33.4
67.2
51 9
15 2
24.2
82 5
86 9
39 1
47.8
25.4
22 4
-4.4
35.4
645.6
577 3
452.3
18.0
106 9
Table 7.—National Income by Industry Division (1.11)
All industries, total _
Agriculture, forestry, and fisheries
Mining and construction
Manufacturing.. _ _..
Nondurable goods
Durable goods
Transportation
Communication
Electric, gas, and sanitary services
Wholesale and retail trade . .
Finance, insurance, and real estate
Services _ __.
Government and government enterprises
Rest of the world
795.9
24.5
49.4
217.7
87.4
130.3
29.5
16.9
14.4
122.1
87.0
103.2
126.5
4.6
850.8
25.4
51.8
226.7
91.7
135.0
32.2
17.4
15.8
131.6
94.5
111.6
137.5
6.3
802.2
23.2
49.5
219. 9
87.9
132.0
29.9
17.2
14.6
123. 1
88.3
104.0
127.7
4.8
802.1
23.3
50.3
210.1
87.8
122.4
30.0
17.3
14.8
124.7
90.9
106.2
129.4
5.1
831.7
23.9
50.6
224.4
89.8
134.6
31 9
17.4
15.2
126.9
92.4
108.8
134 5
5.8
847.3
24.4
51.8
227.3
91.6
135.7
32.1
17.5
15.6
131.0
93.8
110.4
136.1
7.3
68. 3
34 2
34.1
69.2
52 3
17 0
24.5
80 0
85 8
37.5
48 2
25 7
22 5
-5.8
35 9
855.2
26.1
51.9
225.4
92.4
133. 1
32 3
16 7
16.1
133 6
95.6
112.8
138. 7
6.0
656 6
587 0
460 3
18.6
108 1
Table 8.—-Corporate Profits (Before Tax) and Inventory Valuation
Adjustment by Broad Industry Groups (6.12)
All industries total
Financial institutions
Non financial corporations
Manufacturing _ .
Nondurable goods
Durable goods
Transportation, communication,
and public utilities
All other industries.. _
70 8
12.8
58.1
29.5
16.6
13.0
8 0
20.5
80 7
14.1
66.6
34.1
17.9
16.2
8 5
24.1
73 0
13.5
59.5
30.6
16.8
13.8
7 9
20.9
69 0
14.0
54.9
25.0
16.2
8.8
8 1
21.9
79 5
14.2
65.3
34.4
17.2
17.2
8 4
22.5
82.5
13.7
68.9
35.0
18.1
17.0
8.5
25.3
80 0
14.2
65.8
33.0
18.1
14.8
8.5
24.3
69. 6
35 0
34.6
70.5
52 5
18 1
24.6
25.3
-4.0
36 4