scb_021982

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

FEBRUARY 1982 / VOLUME 62 NUMBER

SURVEY OF CURRENT BUSINESS

CONTENTS

THE BUSINESS SITUATION 1

Summary of BEA Staff Papers 2

National Income and Product Accounts Tables 3

Reconciliation and Other Special Tables 14

Sources of Growth in SelectedState and Local Government Tax Receipts 15

Recent Developments in Mortgage Markets 19

Employment and Employee Compensation ofU.S. Multinational Companies in 1977 37

Pollution Abatement and Control Expenditures, 1972-80 5O

Constant-Dollar Inventories, Sales, andInventory-Sales Ratios for Manufacturing and Trade 59

CURRENT BUSINESS STATISTICS

General SI

Industry S22

Footnotes SS7

Subject Index (Inside Back Cover)

U. S. Department of CommerceMalcolm Baldrige / SecretaryRobert G. Dederick / Assistant Secretary

for Economic Affairs

Bureau of Economic AnalysisGeorge Jaszi / DirectorAllan H. Young / Deputy DirectorCarol S. Carson / Editor-in-Chief,

Survey of Current BusinessManuscript Editor: Dannelet A. GrosvenorManaging Editor: Patti A. Trujillo

Staff Contributors to This Issue: Leo M. Bernstein, JamesC. Byrnes, Robert T. Clueas, Douglas R. Fox, Mary W.Hook, Daniel J. Larkins, David J. Levin, John Mon, Gary L.Rutledge, Susan L. Trevathan, Teresa L. Weadock, Obie G.Whichard.

SURVEY OF CURRENT BUSINESS. Published monthly by the Bureauof Economic Analysis of the U.S. Department of Commerce, Editori-al correspondence should be addressed to the Editor-in-Chief,Survey of Current Business, Bureau of Economic Analysis, U.S.Department of Commerce, Washington, D.C. 20230.

First-Class mail.Domestic only: Annual subscription $50.00.Single copy: $5.50.

Second-class mail.Annual subscription: $30.00 domestic;$37.50 foreign. Single copy: $4.25 domestic; $5.35 foreign.

Foreign air mail rates available upon request.Mail subscription orders and address changes to the Superintend-

ent of Documents, U.S. Government Printing Office, Washington,D.C. 20402. Make checks payable to Superintendent of Documents.

Second-class postage paid at Washington, D.C. and at additionalmailing offices.

The Secretary of Commerce has determined that the publication of this periodical is necessary in the transaction of the public business required by law of this Department. Use of funds forprinting this periodical has been approved by the Director of the Office of Management and Budget through September 1,1983.

U.S. DEPARTMENT OF COMMERCE DISTRICT OFFICES

\L. Birmingham 35205W8S. 20th St. 254-1331AK, Anchorage 99513701 C St. 271-5041AZ, Phoenix 85073201 N. Central Ave, 261-3285AR, I,ink Rock 72201320 W. Capitol Ave, 378-5794CA, Los Angeles 9004911777 San Vicente Blvd. 824-7591CA, San Francisco 94102450 Golden Gate Ave. 556-5860CO, Denver 80202721 - 19th St. 837-3246CT, Hartford 06103450 Main St. 244-3530FL, Miami 3313O25 W. Flagler St. 350-5267GA, Atlanta 3O3091365 Pearhtree St., N.E. 881-7000

GA, Savannah 31412125-29 Bull St. 944-4202HI, Honolulu 96850300 Ala Moana Blvd. 546-8694IL, Chicago 6060355 E. Monroe St. 353-4450IN. Indianapolis 4620446 E.Ohio St. 269-6214IA, Des Moines 50309210 Walnut St. 284-4222KY, Louisville 40202U.S. P.O. & Courthouse Bldg. 582-5066LA, New Orleans 70130432 International Trade Mart 962-3560MD, Baltimore 21202415 U.S. Customhouse 962-3560M A, Boston O2116441 Stuart St. 223-2312Mi, Detroit 48226231 W. Layfayette 226-3650

MN, Minneapolis 55401110 S. 4th St. 725-2133

MS, Jackson 39201200 E. Paseagoula 960-4388

MO, Saint Louis 63105120 S. Central Ave. 425-3302

MO, Kansas City 64106601 E. 12th St. 374-3142

NE, Omaha 68102300 S. 19th St. 221-3664

NV, Reno 89503777 W. 2nd St. 784-5203

NJ, Newark O71024th Floor, Gateway Bldg 645-6214

IN M, Albuquerque 87102505 Marquette Ave., N.W. 766-2386

NY, Buffalo 14202111 W. Huron St. 8-16-4191

NY, New York 1027826 Federal Plaza 264-0634

NC, Greensboro 27402203 Federal Bldg. 378-5345

OH, Cincinatti 45202550 Main St. 684-2944OH, Cleveland 44114666 Eudid Ave. 522-4750

OR, Portland 972041220 S. W. 3rd Ave. 221-3001

PA, Philadelphia 19106600 Arch St. 597-2866

PA, Pittsburgh 152221000 Liberty Ave. 644-2850

PR, San Juan 00918Rm. 659, Federal Bldg. 753-4555

SC, Columbia 292011835 Assembly St. 765-5345

TN, Memphis 381O3147 Jefferson Ave. 521-3213TX, Dallas 752421100 Commerce St. 767-0542

TX, Houston 77O02515 Rusk St. 226-4231UT, Salt Lake City 84101350 S. Main St. 524-5116

VA, Richmond 23240400 N. 8th St. 771-2246

W A, Seattle 98109Rm. 706, Lake Union Bldg. 442-5616

WV, Charleston 253015000 Ouarrier St. 343-6181

WI, Milwaukee 532O2517 E. Wisconsin Ave. 291-3473

WY, Cheyenne 820012120 Capitol Ave. 778-2220


the BUSINESS SITUATION

DEVISED (45-day) estimates showthat real GNP declined 4Vfe percent atan annual rate in the fourth quarterof 1981, compared with the 5-percentdecline shown by the preliminary (15-day) estimates (table 1). The largestupward revisions were in the produc-ers' durable equipment component(due to computers and aircraft) ofnonresidential fixed investment, andthe Federal purchases component (de-fense and Commodity Credit Corpora-tion) of government purchases. Per-sonal consumption expenditures (non-durable goods) and change in businessinventories (nondurable manufactur-ing and retail trade) were reviseddownward. The revisions leave the in-crease in GNP prices as measured bythe fixed-weighted price index at anannual rate of 8l/2 percent.

The revisions do not alter the pic-ture of a decline widely spread acrossGNP components that was describedin the January "Business Situation/'However, less of the decline than wasindicated there was in final sales. Ac-cording to the revised estimates,about one-half of the decline in realGNP was traceable to final sales, andone-half to a lower rate of inventoryaccumulation in the fourth quarterthan in the third.

Business inventories in the fourthquarter were lower than shown in thepreliminary estimates; decumulationin December was larger than project-ed. For the quarter, the ratio of busi-ness inventories to final sales, whichmoved up steadily throughout 1981,was 3.31. The inventory-sales ratio formanufacturing and tradeat 1.76was up to its first-quarter 1975 high.

(See ' 'Constant-Dollar Inventories,Sales, and Inventory-Sales Ratios forManufacturing and Trade/' in thisissue.) In manufacturing, inventorieschanged little in the fourth quarter,but sales dropped. Inventory-salesratios were up for all categories of du-

rables and nondurables other thanfood. There was no evidence of a largeinventory buildup in defense goods, orin finished manufactured goods. Intrade, the inventory-sales ratios ofwholesale durables and retail nondu-rables were at all-time highs.

Table 1.Revisions in Selected Component Series of the NIPA's, Fourth Quarter of 1981

GNP

Personal consumption expendituresNonresidential fixed investmentResidential investment !Change in business inventories ...Net exportsGovernment purchases.. ..

National income

Compensation of employeesCorporate profits with inventory valuation and capital con-

sumption adjustmentsOther

Personal income

GNP

Personal consumption expenditures.Nonresidential fixed investmentResidential investmentChange in business inventoriesNet exportsGovernment purchases

GNP implicit price deflatorGNP fixed-weighted price indexGNP chain price index

Seasonally adjusted at annual rates

15-dayestimate

45-dayestimate Revision

Billions of current dollars

2984.9

1909.5332.693.417.616.0

615.7

1821.7

396.8

2484.4

2995.3

1908.4337.593.812.620.8

622.2

1820.9

397.7

2485.9

10.4

-1.14.9

.4-5.0

4.86.5

-.8

.9

1.5Billions of constant (1972) dollars

1495.6

958.3159.239.58.5

36.7293.4

1497.6

957.2161.739.3

6.237.5

295.6

2.0

-1.12.5-.2

-2.3.8

2.2

Index numbers, 1972=100 l

199.58206.7

200.01206.8

.43.1

Percent change frompreceding quarter at

annual rates

15-dayestimate

2.7

5.6-3.0

-25.2

19.5

7.1

5.8

7.2

-5.2

-1.8-10.9-26.9

7.1

8.48.38.4

45-dayestimate

4.1

5.32.8

-24.0

24.6

6.9

6.8

7.4

-4.7

-2.3-5.1

-28.1

10.5

9.38.58.5

1. Not at annual rates.NOTE.For the fourth quarter of 1981, the following revised or additional major source data became available: For personal

consumption expenditures, revised retail sales for November and December, and sales and inventories of used cars of franchisedautomobile dealers for November; for nonresidential fixed investment, manufacturers' shipments of equipment for November(revised) and December, construction put in place for November (revised) and December, and a partial tabulation of businessexpenditures for plant and equipment for the quarter; for residential investment, construction put in place for November (revised)and December; for change in business inventories, book values for manufacturing and trade for November (revised) and December;for net exports of goods and services, merchandise trade for November (revised) and December, and revised net investment incomeand other services receipts for the quarter; for government purchases of goods and services, Federal unified budget outlays forDecember, and State and local construction put in place for November (revised) and December; for wages and salaries, revisedemployment, average hourly earnings, and average weekly hours for November and December; for net interest, revised netinterest received from abroad for the quarter; for GNP prices, the Consumer Price Index for December, unit value indexes forexports and imports for December, and residential housing prices for the quarter.

1


SURVEY OF CURRENT BUSINESS February 1982

Summary of BEA Staff Papers

BOTH of these papers complementthe BEA 1972 "benchmark" input-output study. The first, No. 37 in theBEA staff paper series, presents sum-mary (85 industry/commodity) tablesthat are updates of the 1972 study. Ofnecessity, they are based on informa-tion that is much less adequate thanthat used in 1972, for which the eco-nomic censuses are available. In addi-tion to presenting the tables, thepaper describes the tables, explainstheir derivation, and examines thechanges in output requirementsduring the 1972-75 period that are re-vealed by the updated estimates.

Summary Input-Output Tablesof the U.S. Economy: 1973,

1974, and 1975

By Paula C. Young and Shirley F. LoftusEmployment and EmployeeCompensation in the 1972

Input-Output Study

By Jane-Ring F. Crane

The second paper, No. 38 in theseries, presents employment and em-ployment-related data for 1972 compa-rable to the 85- and 496-industry levelof detail. Because the data are con-sistent with the definitions and con-ventions used in the 1972 input-output tables, they can be used withthose tables to calculate, by industry,an estimate of the impact of a stipu-lated change in final demand upontotal employment and compensation,upon hours, and upon wages of pro-duction workers.

Both papers may be ordered fromthe National Technical InformationService, 5285 Port Royal Road,Springfield, VA 22161. The accessionnumber for Summary Input-OutputTables of the U.S. Economy: 1973,1974, and 1975 is PB 82 142-399; en-close $10.50 for a paper copy and$4.00 > for microfiche. The accessionnumber for Employment and Employ-ee Compensation in the 1972 Input-Output Study is PB 82 142-415; en-close $6.00 for a paper copy and $4.00for microfiche.

The BEA Long-TermEconometric Model

By Henry Townsend

THIS paper describes an econometricmodel developed at BEA as an aid forthe analysis of long-term develop-ments in the U.S. economy. Themodel contains 254 equations, whichestimate components of GNP in cur-rent and constant dollars, nationaland personal income by type, govern-ment receipts and expenditures, im-plicit price deflators, detailed laborforce participation rates and unem-ployment rates, various financialrates and flows, and other macroecon-

omic variables. The model was esti-mated with annual data from 1947 to1978, using national income and prod-uct accounts estimates available as ofJuly 1980.

Most of the paper is devoted to de-scribing the equations in the model interms of their variables and of theirlong-term properties and underlyingtheory. An appendix lists the equa-tions, and shows the results of statis-tical tests, periods of fit, and specifica-tions of the error terms. Also included

are chapters on error statistics ofwithin-sample simulations and multi-pliers for several fiscal policy varia-bles.

This paper, number 36 in the BEAStaff Paper series, may be orderedfrom the National Technical Informa-tion Service, 5285 Port Royal Road,Springfield, VA 22161. The accessionnumber is PB 82 142-407; enclose$10.50 for a paper copy, $4.00 for mi-crofiche.


February 1982 SURVEY OF CURRENT BUSINESS

National Income and Product Accounts Tables

The tables that follow are presented in eight groups, and the table numbers reflect these groups. The same numbers are used in otherpublications presenting national income and product account estimates. The groups are:

1. National product and income2. Personal income and outlays3. Government receipts and expenditures4. Foreign transactions

The abbreviations used in the tables are:

5. Saving and investment6. Product and income by industry7. Implicit price deflators and price indexes8. Supplementary table: Percent change from preceding period for

selected itemsCCAdjIVANIPA's

Capital consumption adjustmentInventory valuation adjustmentNational income and product accountsPreliminaryRevised

The NIPA estimates for 1929-76 are in The National Income and Product Accounts of the United States, 1929-76: Statistical Tables (StockNo. 003-010-00101-1, price $10.00). Estimates for 1976-79 are in National Income and Product Accounts, 1976-79 (Stock No. 003-010-72188-0,price $3.75). Additional estimates for 1980 are in the July 1981 SURVEY. These publications are available from the Superintendent of Documentsand Commerce Department District Offices; see addresses inside front cover.

Table 1.1-1.2.Gross National Product in Current and Constant Dollars

Gross national product

Personal consumption expenditures

Durable goodsNondurable goodsServices

Gross private domestic investment

Fixed investmentNonresidential

StructuresProducers' durable equipment

ResidentialNonfarm structuresFarm structures.Producers' durable equipment

Change in business inventoriesNonfarmFarm .

Net exports of goods and services

ExportsImports

Government purchases of goods and services

FederalNational defenseNondefense .. ..

State and local

Billions of dollars

1980

2,626.1

1,672.8

211.9675.7785.2

395.3

401.2296.0108.8187.1105.3100.3

2.03.0

-5.9-4.7-1.2

23.3

339.8316.5

534.7

198.9131.7

67.2335.8

1981 r

2,924.8

1,857.8

232.1743.0882.7

450.7

433.7328.3125.4202.9105.4

99.92.33.2

17.014.62.3

25.0

365.6340.6

591.3

230.3154.475.9

361.0

Seasonally adjusted at annual rates1980

III

2,637.3

1,682.2

208.8674.2799.2

377.1

393.2294.0107.3186.8

99.294.5

1.73.0

-16.0-12.3-3.7

44.5

342.4297.9

533.5

194.9131.463.5

338.6

IV

2,730.6

1,751.0

223.3703.5824.2

397.7

415.1302.1111.5190.7113.0107.6

2.23.1

-17.4-14.0-3.4

23.3

346.1322.7

558.6

212.0141.670.4

346.6

1981

I

2,853.0

1,810.1

238.3726.0845.8

437.1

432.7315.9117.2198.7116.7111.4

2.23.24.56.8

-2.4

29.2

367.4338.2

576.5

221.6145.276.4

354.9

II

2,885.8

1,829.1

227.3735.3866.5

458.6

435.3324.6123.1201.5110.7105.4

2.13.2

23.321.5

1.8

20.8

368.2347.5

577.4

219.5148.271.3

357.9

III

2,965.0

1,883.9

236.2751.3896.4

463.0

435.6335.1128.3206.8100.5

94.92.33.3

27.523.14.4

29.3

368.0338.7

588.9

226.4154.172.2

362.5

IV r

2,995.3

1,908.4

226.8759.3922.2

443.9

431.3337.5133.0204.5

93.888.12.53.3

12.67.15.5

20.8

35S.&338.2

622.2

253.6170.183.5

368.6

Billions of 1972 dollars

1980

1,480.7

935.1

135.8358.4440.9

203.6

206.6158.4

48.4110.048.145.2

.92.0

-2.9-2.4-.5

52.0

161.1109.1

290.0

108.170.937.2

181.9

1981 r

1,510.1

958.8

139.4367.1452.3

215.0

207.4162.2

50.9111.345.242.2

1.02.07.66.41.2

44.5

159.6115.1

291.8

111.674.037.6

180.2


III

1,471.9

930.8

132.6354.9443.3

195.3

200.2155.546.8

108.844.741.9

.72.0

-5.0-3.1-1.8

57.6

160.5102.8

288.2

106.970.935.9

181.3

IV

1,485.6

946.8

139.1360.4447.3

200.5

207.6157.0

47.8109.3

50.647.5

1.02.0

-7.2-5.6-1.5

48.5

157.4108.9

289.8

107.471.935.4

182.4

1981

I

1,516.4

960.2

146.8364.5448.9

211.6

213.1162.049.6

112.451.048.0

.92.1

-1.4-.3

-1.1

50.9

162.5111.6

293.6

111.272.139.0

182.5

II

1,510.4

955.1

137.4367.0450.7

219.7

208.9161.150.4

110.747.844.8

.92.0

10.89.9

.9

46.2

161.5115.4

289.5

108.772.636.1

180.7

III

1,515.8

962.8

140.3368.8453.7

221.5

206.5163.951.5

112.442.739.7

1.02.0

14.912.82.2

43.2

160.1116.9

288.3

109.674.035.6

178.8

IV r

1,497.6

957.2

133.2368.2455.8

207.2

201.0161.7

52.0109.739.336.3

1.02.06.23.42.8

37.5

154.2116.7

295.6

116.977.239.7

178.8

Table 1.3-1.4.Gross National Product by Major Type of Product in Current and Constant Dollars


Final salesChange in business inventories

Goods.. ,. .


Durable goodsFinal salesChange in business inventories

Nondurable goodsFinal salesChange in business inventories

ServicesStructures ..

Addenda:Gross domestic purchases JFinal sales to domestic purchasers J

2,626.1

2,632.0-59

1,130.4

1,136.3-59

4586462.6

4 0671.96737-1.8

1 2296266.0

2,602.82,608.7

2,924 8

2,907.8170

1,272.5

1,255.6170

507 4499.5

7 9765.1756 1

9.1

1 371 1281.1

2,899.82,882.8

26373

2,653.4160

1,129.4

1,145.4-160

4565464.9

84672.96805-7.7

1 2490258.9

2,592.82,608.8

27306

2,748.0174

1,169.0

1,186.317 4

4767476.0

7692.27103

-18.1

1 2853276.4

2,707.32,724.6

2 853 0

2,848.545

1,247.5

1,243.14 5

501 4505.5

4 2746.1737 5

8.6

1 317 1288.4

2,823.82,819.3

2 885 8

2,862.5233

1,257.0

1,233.7233

5169498.3

185740.17353

4.8

1 3447284.1

2,865.12,841.8

29650

2,937.6275

1,298.3

1,270.8275

5252506.6

186773.07642

8.9

1,390 5276.3

2,935.82,908.3

29953

2,982.6126

1,287.4

1,274.7126

4862487.5

1 3801.27872

14.0

1,432.2275.7

2,974.52,961.9

1 480 7

1,483.629

665.2

668.129

2794281.3

1 9385.73868-1.1

6957119.8

1,428.71,431.7

1 510 1

1,502.476

6852

677.67 6

2824279.1

33402.83985

4.4

7076117.2

1,465 61,458.0

1 471 9

1,476.950

657 5

662.450

2746278.4

38382.93840-1.1

699 91145

1,414 31,419.2

1 485 6

1,492.772

6629

670.17 2

281 8281.5

3381.13886-7.5

701 7121 0

1 437 11,444.2

1 516 4

1,517.81 4

688 9

690.314

2893292.5

3 1399.63979

1.7

703 61239

1 46551,466.9

1 510 4

1,499.610 8

6863

675.5108

2886279.7

89397.73958

1.9

704 7119 4

1 46421,453.5

1 515 8

1,500.914 9

691 9

677.014 9

2870279.2

78404.9397 8

7.1

709 9114 0

1 47261,457.7

1 497 6

1,491.46 2

673 7

667.56 2

264 6265.1

5409.1402 4

6.7

712 2111 7

146011,453.9

1. Gross domestic purchases equals GNP less exports plus imports; final sales to domestic purchasers equals final sales less exports plus imports.


SURVEY OF CURRENT BUSINESS February 1982

Table 1.5-1.6.Gross National Product by Sector in Current and Constant Dollars


Gross domestic product . .Business

NbnfarmNonfarm less housingHousing

FarmStatistical discrepancy

Households and institutionsPrivate householdsNonprofit institutions

GovernmentFederalState and local

Rest of the worldAddendum:

Gross domestic business product less housing

Billions of dollars

1980

2,626.1

2,576.52,221.22,153.71,940.9

212.868.1-.785.96.7

79.2269.381.9

187.449.7

2,008.4

1981 r

2,924.8

2,870.82,479.82,408.32,168.1

240.272.3-.897.76.9

90.7293.390.0

203.354.0

2,239.7


III

2,637.3

2,586.92,230.02,159.11,943.1

216.067.93.0

86.96.7

80.2269.980.7

189.350.5

2,014.0

IV

2,730.6

2,682.02,311.42,248.62,025.3

223.369.4

-6.690.46.9

83.5280.387.1

193.348.6

2,088.0

1981

I

2,853.0

2,800.72,420.82,350.12,120.2

229.967.33.4

93.97.0

86.9285.987.9

198.052.3

2,191.0

II

2,885.8

2,835.52,449.22,383.72,147.3

236.472.469

96.46.9

89.5289.988.2

201.650.4

2,212.8

III

2,965.0

2,909.42,517.62,442.22,198.7

243.575.2

.298.46.9

91.5293.588.5

205.055.6

2,274.1

IV r

2,995.3

2,937.62,531.72,457.22,206.2

251.074.3

.2102.0

6.995.1

304.095.3

208.757.6

2,280.7


1980

1,480.7

1,452.41,251.81,216.81,084.5

132.335.3-.445.43.5

41.9155.249.2

106.028.3

1,119.5

1981 r

1,510.1

1,482.01,280.11,242.71,105.4

137.437.8-.447.03.3

43.7154.949.0

105.928.1

1,142.7


III

1,471.9

1,443.41,242.31,207.61,074.6

133.033.1

1.745.63.4

42.1155.549.4

106.128.5

1,109.4

IV

1,485.6

1.458.91,257.51,227.91,093.7

134.233.2

-3.646.13.4

42.7155.348.9

106.326.7

1,123.3

1981

I

1,516.4

1,488.41,286.41,250.91,115.4

135.533.61.8

46.73.4

43.2155.349.0

106.428.0

1,150.8

II

1,510.4

1,483.81,281.81,248.91,112.1

136.836.5

-3.646.93.3

43.5155.249.0

106.226.6

1,145.0

III

1,515.8

1,487.11,285.71,246.21,108.2

137.939.4

.146.83.3

43.6154.649.0

105.628.7

1,147.8

IV r

1,497.6

1,468.51,266.51,225.01,085.8

139.241.5

.147.53.2

44.3154.549.0

105.429.1

1,127.4

Table 1.7.Relation of Gross National Product, Net National Product,National Income, and Personal Income


Less:Capital consumption al-

lowances with CCAdj...Capital consumption al-

lowancesLeSS- CCAdj

Equals: Net national prod-uct

Less:Indirect business tax and

nontax liabilityBusiness transfer pay-

mentsStatistical discrepancy

Plus: Subsidies less currentsurplus of governmententerprises

Equals: National income

Less:Corporate profits with

IVA and CCAdjNet interestContributions for social

insuranceWage accruals less dis-

bursementsPlus:

Government transfer pay-ments to persons

Personal interest income....Personal dividend income..Business transfer pay-

ments

Equals: Personal income

Billions of dollars

1980

2,626.1

287.3

224 163 1

2,338.9

212.3

10.5_ 7

4.62,121.4

18271798

203.7

o

2838256.3

54.4

1052,160.2

1981 r

2,924.8

321.7

2570647

2,603.1

251.1

11.6- 8

5.12,346.3

191 52150

238.9

0

321 6308.661.3

11 6

2,404.0


III

2,637.3

291.8

2269649

2,345.5

215.8

10.630

6.32,122.4

17791853

204.15

300 1261.855.1

1062,182.1

IV

2,730.6

298.9

2337652

2,431.7

228.0

10.9-66

5.42,204.8

183.31933

212.35

303 1269.756.1

1092,256.2

1981

I

2,853.0

306.5

2432633

2,546.4

245.5

11.23.4

4.7

2,291.1

203.02008

233.7

o

3084288.758.0

112

2,319.8

II

2,885.8

316.7

2519649

2,569.1

249.4

11.5-6.9

5.72,320.9

190.32110

236.3

0

3127300.9

60.2

11 5

2,368.5

III

2,965.0

326.5

261.7648

2,638.5

254.0

11.8.2

5.12,377.6

195.72202

240.6

2

3304315.763.0

11 8

2,441.7

IV r

2,995.3

336.9

271.1-657

2,658.4

255.4

12.1

4.8

2280

244.8

1

3349329.064.1

12 1

2,485.9

Table 1.8.Relation of Gross National Product, Net National Product,and National Income in Constant Dollars

[Billions of 1972 dollars]

Gross national productLess: Capital consumption

allowances with CCAdjEquals: Net national prod-

uctLess: Indirect business tax

and nontax liability plusbusiness transfer pay-ments less subsidies pluscurrent surplus of govern-ment enterprisesStatistical discrepancy

Equals: National income

1,480.7

147.5

1,333.2

1490-.4

1,184.6

1,510.1

153.4

1,356.7

153.9-.4

1,203.1

1,471.9

147.9

1,324.0

149.21.7

1,173.1

1,485.6

149.5

1,336.1

151.9-3.6

1,187.8

1,516.4

151.2

1,365.2

153.21.8

1,210.3

1,510.4

152.4

1,358.0

152.9-3.6

1,208.7

1,515.8

154.2

1,361.6

154.6.1

1,206.9

1,497.6

155.8

1,341.8

155.1

"Table 1.11.National Income by Type of Income

National income

Compensation of employ-ees

Wages and salariesGovernment and gov-

ernment enterprises ....Other

Supplements to wagesand salaries

Employer contribu-tions for social in-surance

Other labor income

Proprietors' income withIVA and CCAdj

FarmProprietors' income

with IVACCAdj

NonfarmProprietors' incomeIVACCAdj

Rental income of personswith CCAdj

Rental income of per-sons

CCAdjCorporate profits with IVA

and CCAdjCorporate profits with

Profits before taxProfits tax liability ..Profits after tax

DividendsUndistributed

profits

IVA

CCAdjNet interest

Addenda:Corporate profits after

tax with IVA andCCAdj

Dividends ..Undistributed profits

with IVA and CCAdj

Billions of dollars

1980

2,121.4

1,596.5

1,343.6

253.61,090.0

252.9

115.8137.1

130.6

23.4

30.3-6.9

107.2112.7-3.7-1.9

31.8

64.9-33.1

182.7

199.8

245.582.3

163.256.0

107.2

-45.7

-17.2

179.8

100.356.0

44.3

1981 r

2,346.3

1,771.5

1,482.6

273.91,208.7

288.8

134.7154.2

134.6

22.3

30.0-7.7

112.4116.1-1.6-2.1

33.6

70.0-36.4

191.5

205.4

232.977.6

155.363.1

92.1

-27.5

-13.9

215.0

113.963.1

50.7


III

2,122.4

1,597.4

1,342.3

253.91,088.4

255.0

116.0139.1

129.7

22.1

29.0-6.9

107.6113.1-3.5-2.0

32.0

65.9-33.9

177.9

195.9

237.678.5

159.156.7

102.4

-41.7

-17.9

185.3

99.556.7

42.8

IV

2,204.8

1,661.8

1,397.3

263.31,134.0

264.5

121.0143.5

134.0

22.5

29.6-7.2

111.6117.5-4.0-2.0

32.4

66.4-33.9

183.3

201.0

249.585.2

164.357.7

106.6

-48.4

-17.8

193.3

98.157.7

40.4

1981

I

2,291.1

1,722.4

1,442.9

267.11,175.7

279.5

131.5148.0

132.1

18.9

26.1-7.2

113.2117.4-2.5-1.7

32.7

68.2-35.5

203.0

217.7

257.087.7

169.259.6

109.6

-39.2

-14.7

200.8

115.359.6

55.7

II

2,320.9

1,752.0

1,467.0

270.51,196.4

285.1

133.2151.8

134.1

21.7

29.3-7.6

112.5115.7-1.2-2.0

33.3

69.3-35.9

190.3

205.1

229.076.4

152.762.0

90.6

-24.0

-14.7

211.0

114.062.0

52.0

III

2,377.6

1,790.7

1,498.7

274.71,224.0

292.0

135.6156.3

137.1

24.7

32.6-7.9

112.4115.9-1.4-2.2

33.9

70.5-36.6

195.7

209.1

234.478.1

156.364.8

91.5

-25.3

-13.4

220.2

117.664.8

52.8

IV r

1,820.9

1,522.0

283.21,238.8

298.9

138.4160.5

135.2

23.8

31.9-8.2

111.5115.4-1.5-2.4

34.5

71.9-37.4

66.0

-21.5

-12.8

228.0

66.0



Table 1.13.Gross Domestic Product of Corporate Business in Current Dollars and Gross Domestic Product of Nonfinancial Corporate Businessin Current and Constant Dollars

Gross domestic prod-uct of corporatebusiness

Capital consumption allow-ances with CCAdj

Net domestic productIndirect business tax and

nontax liability plusbusiness transfer pay-ments less subsidies

Domestic incomeCompensation of em-

ployeesWages and salariesSupplements to

wages and salaries...Corporate profits with

IVA and CCAdjProfits before tax

Profits tax liability ..Profits after tax


profitsIVACCAdj

Net interestGross domestic

product of finan-cial corporatebusiness

Gross domesticproduct of non-financial corpo-rate business


Billions of dollars

1980

1,616.5

175.4

1,441.1

159.3

1,281.8

1,103.1917.9

185.2

151.5

214.482.3

132.037.4

94.6-45.7-17.2

27.2

81.3

1,535.2

165.9

1981 r

1,814.6

197.7

1,616.8

191.5

1,425.4

1,226.61,015.9

210.7

167.5

208.977.6

131.247.3

84.0-27.5-13.9

31.3

81.6

1,733.0

186.6


III

1,617.5

178.4

1,439.0

162.4

1,276.6

1,101.7915.2

186.4

147.0

206.778.5

128.237.9

90.3-41.7-17.9

27.9

79.7

1,537.7

168.6

IV

1,688.0

183.2

1,504.8

172.5

1,332.4

1,147.8954.6

193.2

155.6

221.885.2

136.639.5

97.1-48.4-17.8

29.0

83.3

1,604.7

173.0

1981

I

1,774.8

187.5

1,587.3

187.2

1,400.1

1,193.3989.1

204.1

177.6

231.587.7

143.843.7

100.1-39.2-14.7

29.3

84.7

1,690.1

177.1

II

1,797.1

194.6

1,602.5

190.2

1,412.2

1,214.01,006.0

208.0

167.6

206.276.4

129.945.5

84.3-24.0-14.7

30.7

80.8

1,716.3

183.7

III

1,840.6

201.1

1,639.5

194.0

1,445.5

1,242.51,029.4

213.1

171.1

209.878.1

131.849.1

82.7-25.3-13.4

31.9

80.3

1,760.3

189.7

IV r

207.7

194.5

1,256.61,039.1

217.4

50.8

-21.5-12.8

33.5

195.9

Indirect business tax andnontax liability plusbusiness transfer pay-ments less subsidies

Domestic incomeCompensation of em-

ployeesWages and salariesSupplements to

wages and salaries...Corporate profits with

IVA and CCAdjProfits before tax

Profits tax liability ..Profits after tax


profitsIVACCAdj

Net interest

Gross domestic prod-uct of nonfinancialcorporate business...


Indirect business tax andnontax liability plusbusiness transfer pay-ments less subsidies

Domestic income

Billions of dollars

1980

1,369.3

152.51,216.9

1,037.2864.2

172.9

123.6

183.863.1

120.640.4

80.3-45.7-14.4

56.1

1981 r

1,546.5

183.31,363.2

1,152.1955.5

196.6

146.6

184.659.2

125.550.6

74.9-27.5-10.5

64.4


III

1,369.1

155.41,213.6

1,034.8860.9

173.9

121.2

177.960.3

117.640.8

76.8-41.7-15.0

57.6

IV

1,431.7

165.11,266.6

1,078.5898.2

180.4

128.2

191.365.9

125.442.7

82.7-48.4-14.7

59.9

1981

I

1,513.1

179.21,333.9

1,121.3930.7

190.5

152.1

202.968.1

134.846.9

87.9-39.2-11.6

60.5

II

1,532.6

182.11,350.5

1,140.6946.5

194.1

146.5

181.957.8

124.148.8

75.4-24.0-11.4

63.4

III

1,570.6

185.71,384.9

1,167.2968.3

198.9

152.0

187.259.5

127.652.5

75.2-25.3-9.965.8

IVr

186.1

1,179.3976.6

202.7

54.2

"-2l'.5-9.168.2


867.2

88.1

779.0

95.4683.6

896.7

91.8

804.9

97.3707.6

860.4

88.5

771.9

95.3676.5

876.9

89.4

787.5

97.2690.3

901.0

90.4

810.6

97.5713.1

901.2

91.2

810.0

96.7713.3

901.1

92.3

808.8

97.7711.1

93.2

97.4

Table 1.14-1.15.Auto Output in Current and Constant Dollars

Auto output

Final salesPersonal consumption expenditures

New autosNet purchases of used autos

Producers' durable equipmentNew autosNet purchases of used autos

Net exportsExportsImports

Government purchasesChange in business inventories

NewUsed . .

Addenda:Domestic output of new autos *Sales of imported new autos 2

Billions of dollars

1980

60.2

62.261.846.215.612.421.2

-8.8-12.9

4.016.8

.8-1.9-1.3-.6

48.821.7

1981 r

69.3

69.568.249.418.714.424.4

-10.0-13.9

3.917.8

.8-.1

.0-.2

54.524.7


III

54.3

57.858.744.314.413.321.9

-8.7-15.1

3.418.4

.8-3.5-3.8

.4

45.321.2

IV

68.8

65.566.148.817.312.522.4

-9.9-13.9

3.917.8

.83.23.5-.3

55.423.2

1981

I

68.1

77.975.657.418.213.724.7

-11.0-12.2

4.116.3

.8-9.8

-10.81.0

52.226.3

II

73.6

62.763.344.319.012.922.3

-9.4-14.2

4.018.2

.710.912.5

-1.6

59.123.5

III

76.8

75.270.251.618.617.228.8

-11.6-13.1

4.617.7

.91.6

-.72.3

61.624.4

IV

58.9

62.163.544.419.113.721.9

-8.2-15.9

2.918.8

.8-3.2-.8

-2.4

45.224.8


1980

38.6

39.936.528.67.88.5

13.2-4.7-5.5

2.48.0

.5-1.3-.9-.3

30.213.5

1981 r

41.6

41.536.629.17.59.9

14.3-4.4-5.4

2.37.7

.5

.1

.1-.1

31.914.5


III

34.6

36.834.326.97.48.6

13.4-4.8-6.6

1.88.4

.5-2.2-2.4

.2

27.312.9

IV

42.8

40.937.529.77.88.9

13.6-4.7-6.0

2.48.3

.51.92.1-.1

33.714.1

1981

I

42.8

48.542.835.07.89.9

15.0-5.0-4.7

2.57.2.5

-5.7-6.2

.4

31.816.0

II

44.3

37.834.226.18.18.8

13.0-4.3-5.6

2.48.0

.46.67.3-.7

34.813.8

III

44.8

44.137.029.7

7.311.616.5

-4.9-5.0

2.67.7.5.7

-.21.0

35.414.0

IV r

34.5

35.832.525.47.09.3

12.5-3.2-6.4

1.68.0

.4-1.2-.3-.9

25.814.2

Table 1.16-1.17.-Truck Output in Current and Constant Dollars

Truck output 1

Final salesPersonal consumption expendituresProducers' durable equipmentNet exports ..

ExportsImports

Government purchases. .. .

Change in business inventories

257

27 879

1761 13.14 133

2 1

27 0

27 28 1

170163.34938

2

23 2

27 579

180193.15034

43

27 7

26 87 5

168103.34335

9

27 o

27 678

1697

3.64336

g

28 5

28 182

1741 13.44537

4

25 4

27 486

17 5253.25738

2 0

27 3

25 878

163223.15339

1 5

13 8

14 94 99 1

g1.62 317

1 2

13 1

13 24 7771 01.52 51 7

1

12 2

14 54 89 11 21.62 81 7

2 2

14 3

13 74 58 2

'71.62 31 7

5

13 6

13 94 78 0g1/72 31 7

3

13 9

13 74 88 0g1.52 41 7

2

12 1

13 04 97 81 41.42 81 7

1 0

12 7

12 04 57 11 31.32 61 7

7

Table 1.14-1.15: Table 1.16-1.17:1. Consists of final sales and change in business inventories of new autos produced in the 1. Includes new trucks only.

United States.2. Consists of personal consumption expenditures, producers' durable equipment, and govern-

ment purchases.


6 SURVEY OF CURRENT BUSINESS February 1982Table 2.1.Personal Income and Its Disposition

Personal income

Wage and salary disburse-ments

Commodity-producingindustries

ManufacturingDistributive industriesService industriesGovernment and govern-

ment enterprises

Other labor income

Proprietors' income withIVA and CCAdjFarmNonfarm

Rental income of personswith CCAdj

Personal dividend income

Personal interest income

Transfer payments

Old-age, survivors, dis-ability, and health in-surance benefits

Government unemploy-ment insurance bene-fits

Veterans benefitsGovernment employees

retirement benefitsOther transfer payments....Aid to families with de-

pendent childrenOther

Less: Personal contribu-tions for social insurance .

Less: Personal tax andnontax payments

Equals: Disposable person-al income

Less: Personal outlays

Personal consumption ex-penditures

Interest paid by consum-ers to business

Personal transfer pay-ments to foreigners(net)

Equals: Personal saving

Addenda:Disposable personal

income:Total, billions of 1972

dollars.

Per capita:Current dollars1972 dollars

Population (millions)Personal saving as per-

centage of disposablepersonal income

Billions of dollars

1980

2,160.2

1,343.7

465.4350.7328.9295.7

253.6

137.1

130.6

23.4107.2

31.8

54.4

256.3

294.2

153.8

16.015.0

42.866.7

12.454.3

87.9

338.5

1,821.7

1,720.4

1,672.8

46.4

1.2

101.3

1,018.4

8,0024,473

227.7

5.6

1981 r

2,404.0

1,482.6

512.7387.3361.0335.0

273.9

154.2

134.6

22.3112.4

33.6

61.3

308.6

333.2

180.4

15.516.0

48.572.8

13.459.4

104.2

388.1

2,015.8

1,908.5

1,857.8

49.5

1.2

107.3

1,040.3

8,7694,525

229.9

5.3


III

2,182.1

1,341.8

460.1346.7329.2298.7

253.9

139.1

129.7

22.1107.6

32.0

55.1

261.8

310.7

163.2

19.014.9

43.170.5

12.857.7

88.1

341.5

1,840.6

1,729.2

1,682.2

46.0

1.0

111.4

1,018.5

8,0744,468

228.0

6.1

IV

2,256.2

1,397.8

484.0364.9340.6310.0

263.3

143.5

134.0

22.5111.6

32.4

56.1

269.7

313.9

165.3

17.515.5

45.769.9

13.156.8

91.2

359.2

1,897.0

1,799.4

1,751.0

46.8

1.6

97.6

1,025.8

8,2994,488

228.6

5.1

1981

I

2,319.8

1,442.9

501.3377.4351.9322.5

267.1

148.0

132.1

18.9113.2

32.7

58.0

288.7

319.6

169.8

15.615.9

46.771.7

13.358.3

102.3

372.0

1,947.8

1,858.9

1,810.1

47.8

1.0

88.9

1,033.3

8,5044,511

229.1

4.6

II

2,368.5

1,467.0

508.1386.7357.8330.5

270.5

151.8

134.1

21.7112.5

33.3

60.2

300.9

324.2

172.0

15.615.9

48.572.3

13.658.7

103.1

382.9

1,985.6

1,879.0

1,829.1

48.9

1.0

106.6

1,036.8

8,6514,517

229.5

5.4

III

2,441.7

1,498.5

520.2393.9365.3338.5

274.5

156.3

137.1

24.7112.4

33.9

63.0

315.7

342.2

188.5

14.815.9

48.974.0

13.460.5

105.0

399.8

2,042.0

1,935.1

1,883.9

50.3

1.0

106.9

1,043.6

8,8734,535

230.1

5.2

IV r

2,485.9

1,522.1

521.0391.0369.1348.7

283.3

160.5

135.2

23.8111.5

34.5

64.1

329.0

347.0

191.4

16.016.4

49.973.4

13.260.1

106.5

398.0

2,087.9

1,961.2

1,908.4

51.2

1.6

126.7

1,047.3

9,0484,539

230.7

6.1

Table 2.2-2.3.Personal Consumption Expenditures by Major Type ofProduct in Current and Constant Dollars

Personal consump-tion expenditures

Durable goods

Motor vehicles and parts ...Furniture and household

equipmentOther

Nondurable goods

Food . .Clothing and shoesGasoline and oilOther nondurable goods

Fuel oil and coalOther

Services

HousingHousehold operation

Electricity and gasOther

TransportationOther

Personal consump-tion expenditures

Durable goods

Motor vehicles and parts ...Furniture and household

equipmentOther

Nondurable goods

FoodClothing and shoesGasoline and oilOther nondurable goods

Fuel oil and coalOther

Services

HousingHousehold operation

Electricity and gasOther . .

TransportationOther

Billions of dollars

1980

1,672.8

211.9

89.9

84.637.3

675.7

345.7104.889.0

136.219.8

116.4

785.2

272.0111.655.756.064.1

337.5

1981 r

1,857.8

232.1

98.4

92.641.1

743.0

381.5116.094.8

150.620.9

129.7

882.7

306.7126.462.963.568.9

380.7


III

1,682.2

208.8

87.0

84.637.2

674.2

347.7105.385.3

136.020.7

115.3

799.2

275.7116.159.356.865.8

341.5

IV

1,751.0

223.3

94.6

88.939.8

703.5

360.4109.490.5

143.320.5

122.7

824.2

285.3116.958.858.267.5

354.5

1981

I

1,810.1

238.3

105.4

92.340.6

726.0

372.5113.493.5

146.620.5

126.1

845.8

293.6118.158.459.767.6

366.5

II

1,829.1

227.3

93.4

92.441.6

735.3

377.8115.892.4

149.421.0

128.4

866.5

302.1123.461.561.967.9

373.0

III

1,883.9

236.2

101.6

93.241.4

751.3

386.5117.595.1

152.121.3

130.8

896.4

310.9130.565.565.069.6

385.4

IV r

1,908.4

226.8

93.4

92.640.8

759.3

389.4117.198.4

154.420.8

133.6

922.2

320.3133.466.367.170.5

398.0


935.1

135.8

53.8

58.923.1

358.4

181.578.026.272.6

4.268.4

440.9

164.261.523.338.334.8

180.4

958.8

139.4

54.2

61.124.1

367.1

184.483.725.273.83.6

70.2

452.3

170.262.623.139.534.6

184.9

930.8

132.6

51.5

58.422.6

354.9

180.178.325.271.44.3

67.0

443.3

164.862.624.138.434.7

181.2

946.8

139.1

54.6

60.723.8

360.4

179.980.126.374.1

4.269.8

447.3

166.562.123.438.735.1

183.6

960.2

146.8

60.6

62.124.1

364.5

182.982.824.974.0

3.770.3

448.9

168.061.422.638.834.8

184.6

955.1

137.4

51.7

61.224.5

367.0

185.084.024.473.63.6

70.0

450.7

169.662.423.239.334.5

184.2

962.8

140.3

55.0

60.924.3

368.8

185.284.225.773.8

3.770.1

453.7

170.863.323.439.934.6

185.0

957.2

133.2

49.5

60.123.6

368.2

184.583.826.074.0

3.670.4

455.8

172.363.123.239.934.6

185.8

Table 3.14.State and Local Government Social Insurance FundsReceipts and Expenditures

[Billions of dollars]

Receipts

Contributions for social in-surance

Personal contributionEmployer contributions

Government and gov-ernment enterprises ....

Other

Interest and dividends re-ceived

Expenditures

Administrative expenses(purchases of goods andservices)

Transfer payments to per-sons

Surplus or deficit(-)

45.1

31.5

7.723.8

21.02.8

136

18.2

6

176

26.9

52 1

36.4

8.927.6

24.33.2

157

20.0

6

194

32.1

46 0

32.3

8.124.3

21.428

137

18.3

6

178

277

47 8

33.7

8.425.3

22.429

14 1

18.8

6

182

29 0

49 6

34.8

8.626.3

23.230

14 8

19.2

6

187

30 4

51 5

35.9

8.827.1

24.032

15 6

19.8

6

19 2

31 7

53 0

36.9

8.928.0

24.733

16 0

20.3

g

19 7

32 7

54 5

38.0

9.128.8

25.53 4

16 5

20.8

g

20 2

33 7

Table 3.14:NOTE.In this table, interest and dividends received are included in receipts; in tables 3.2 and

3.3, interest received and dividends received are netted against expenditures.



Table 3.2.Federal Government Receipts and Expenditures Table 3.3.State and Local Government Receipts and Expenditures

Receipts

Personal tax and nontaxreceipts

Income taxesEstate and gift taxesNontaxes

Corporate profits tax accru-als

Indirect business tax andnontax accruals

Excise taxesCustoms dutiesNontaxes

Contributions for socialinsurance

Expenditures

Purchases of goods andservices . .

National defenseNondefense

Transfer paymentsTo personsTo foreigners

Grants-in-aid to State andlocal governments

Net interest paidInterest paid

To persons and busi-ness .

To foreignersLess: Interest received

Subsidies less current sur-plus of governmententerprises

SubsidiesLess: Current surplus of

government enterprises..

Less: Wage accruals lessdisbursements

Surplus or deficit(-), NIPA's

Social insurance fundsOther

Billions of dollars

1980

540.8

257.8251.0

6.6.2

70.2

40.629.1

7.24.4

172.2

602.0

198.9131.767.2

249.8244.9

4.9

88.0

53.367.5

55.012.514.2

12.010.7

-1.3

0

-61.2

-14.2-47.0

1981 r

625.8

296.2289.0

7.0.2

65.9

61.247.58.65.1

202.5

688.3

230.3154.475.9

284.5279.4

5.1

87.1

73.391.2

74.816.418.0

13.212.8

-.5

0

-62.5

-12.4-50.1


III

540.8

259.4252.3

6.9.2

66.7

42.931.47.34.2

171.8

615.0

194.9131.463.5

265.3260.4

4.9

87.7

53.568.2

56.311.914.8

13.710.7

-3.1

0

-74.2

-27.1-47.1

IV

573.2

272.9265.9

6.8.2

72.6

49.136.17.35.6

178.6

641.1

212.0141.670.4

269.0262.6

6.4

91.8

55.270.8

56.714.115.6

13.111.6

-1.4

0

-67.9

-22.2-45.8

1981

I

617.4

283.3276.8

6.4.2

74.6

60.647.8

7.75.0

198.9

664.0

221.6145.276.4

271.9267.3

4.7

90.2

67.784.4

68.615.816.7

12.611.9

-.7

0

-46.6

-4.6-42.0

II

621.0

293.2286.0

7.0.2

64.8

62.649.68.14.9

200.4

668.2

219.5148.271.3

274.8270.7

4.1

89.6

70.488.0

71.017.017.6

13.912.2

-1.7

0

-47.2

-6.1-41.1

III

638.3

306.4299.1

7.1.2

66.4

61.847.69.05.2

203.7

694.0

226.4154.172.2

293.6287.8

5.8

85.4

75.694.3

77.217.118.7

13.312.7

-.6

.2

-55.7

-18.9-36.8

IV r

301.9294.1

7.5.3

59.945.1

9.45.4

206.9

727.1

253.6170.183.5

297.6291.8

5.7

83.4

79.498.3

82.515.818.8

13.114.2

1.1

_ \

-20.1

Receipts

Personal tax and nontaxreceipts

Income taxesNontaxesOther

Corporate profits tax accru-als

Indirect business tax andnontax accruals

Sales taxesProperty taxesOther

Contributions for social in-surance

Federal grants-in-aid

Expenditures

Purchases of goods andservices

Compensation of employ-ees

Other

Transfer payments to per-sons

Net interest paidInterest paidLess: Interest received

Less: Dividends received

Subsidies less current sur-plus of governmententerprises

SubsidiesLess: Current surplus of

government enterprises..

Less: Wage accruals lessdisbursements

Surplus or deficit(-), NIPA's

Social insurance fundsOther

Billions of dollars

1980

384.0

80.744.927.97.9

12.2

171.682.967.521.2

31.5

88.0

355.0

335.8

187.4148.4

38.9

-10.817.628.4

1.6

-7.4.4

7.7

0

29.1

26.92.1

1981'

417.1

91.951.931.48.7

11.7

189.992.772.624.6

36.4

87.1

380.4

361.0

203.3157.6

42.2

-12.819.432.3

1.8

-8.2.4

8.6

0

36.6

32.14.5


III

386.8

82.145.828.38.0

11.7

173.083.467.921.7

32.3

87.7

358.2

338.6

189.3149.3

39.7

-11.117.728.8

1.6

-7.5.4

7.8

0

28.6

27.7.9

IV

403.4

86.349.129.08.2

12.6

179.087.568.922.6

33.7

91.8

366.3

346.6

193.3153.3

40.5

-11.418.029.5

1.6

-7.7.4

8.1

0

37.1

29.08.1

1981

I

411.7

88.650.429.88.4

13.1

184.991.270.323.3

34.8

90.2

374.8

354.9

198.0156.9

41.2

-11.818.630.4

1.6

-7.9.4

8.3

0

36.9

30.46.6

II

413.6

89.750.330.78.6

11.6

186.990.971.924.1

35.9

89.6

377.5

357.9

201.6156.2

42.1

-12.419.231.6

1.8

-8.2.4

8.6

0

36.1

31.74.3

III

419.6

93.352.631.88.8

11.7

192.394.273.125.0

36.9

85.4

381.8

362.5

205.0157.5

42.6

-13.219.732.9

1.8

-8.2.4

8.6

0

37.8

32.75.1

IV r

96.154.033.09.1

195.594.475.126.0

38.0

83.4

387.6

368.6

208.7159.9

43.0

-13.920.334.2

1.9

-8.3.4

8.7

0

33.7

Table 3.7B-3.8B.Government Purchases of Goods and Services by Type in Current and Constant Dollars

Government purchases of goods and services

FederalNational defense

Durable goodsNondurable goods . . . .Services

Compensation of employeesMilitary .Civilian

Other servicesStructures

NondefenseDurable goodsNondurable goodsServices

Compensation of employeesOther services

Structures

State and localDurable goodsNondurable goodsServices . . . .

Compensation of employeesOther services

Structures

Billions of dollars

1980

534.7

198.9131.732.910.984.752.830.422.431.93.1

67.21.54.1

55.129.125.96.6

335.810.626.3

253.7187.466.345.3

1981 r

591.3

230.3154.439.313.398.859.434.924.539.43.1

75.91.8

10.556.330.625.77.3

361.011.229.1

277.6203.3

74.243.2


III

533.5

194.9131.432.910.584.151.829.722.132.33.8

63.51.5

-1.156.328.827.56.8

338.610.726.7

256.3189.367.144.9

IV

558.6

212.0141.634.913.190.756.833.223.633.92.9

70.41.65.3

57.030.326.76.5

346.610.927.8

262.2193.369.045.7

1981

I

576.5

221.6145.236.312.993.257.433.523.835.92.8

76.42.09.2

57.630.627.0

7.7

354.911.128.3

268.5198.070.447.1

II

577.4

219.5148.237.213.194.957.833.724.237.13.0

71.31.85.4

57.030.426.57.2

357.911.328.8

274.5201.672.843.3

III

588.9

226.4154.140.712.398.158.433.924.439.83.0

72.21.68.6

55.030.124.97.1

362.511.229.6

281.1205.076.140.7

IV r

622.2

253.6170.142.915.0

108.964.038.625.544.83.4

83.51.7

18.855.631.324.3

7.4

368.611.229.7

286.3208.777.641.4


1980

290.0

108.170.918.42.5

48.532.118.913.216.41.6

37.2.9

2.031.117.114.03.2

181.96.3

13.7141.4106.035.420.5

1981 r

291.8

111.674.019.32.7

50.632.419.213.318.21.4

37.6.9

4.229.216.612.63.3

180.26.1

14.0141.6105.935.718.5


III

288.2

106.970.918.02.3

48.732.218.913.216.51.9

35.9.9

-.131.917.214.63.2

181.36.3

13.7141.4106.135.320.0

IV

289.8

107.471.918.92.8

48.832.119.013.116.71.4

35.4.9.8

30.716.813.93.0

182.46.2

14.0142.0106.335.620.2

1981

I

293.6

111.272.118.72.7

49.432.219.013.117.21.4

39.01.04.0

30.516.813.63.5

182.56.2

14.0141.9106.435.520.4

II

289.5

108.772.618.72.7

49.832.319.113.217.51.4

36.11.02.1

29.816.713.13.2

180.76.2

14.0141.9106.235.718.6

III

288.3

109.674.019.52.5

50.632.619.213.318.11.4

35.6.8

3.128.516.412.03.1

178.86.1

14.0141.4105.635.817.3

IV r

295.6

116.977.220.23.0

52.532.719.313.319.91.5

39.7.8

7.727.916.411.63.2

178.86.0

14.0141.2105.435.717.6


8 SURVEY OF CURRENT BUSINESS February 1982Table 4.1-4.2Foreign Transactions in the National Income and Product Accounts in Current and Constant Dollars

Receipts from foreigners . ..

Exports of goods and services .Merchandise

Durable goods . . . .Nondurable goods

ServicesFactor income lOther

Capital grants received by the United States (net)Payments to foreigners

Imports of goods and services . .Merchandise

Durable goods ..Nondurable goods

ServicesFactor income lOther

Transfer payments (net)From persons (net)From government (net)

Interest paid by government to foreigners

Net foreign investment

Billions of dollars

1980

340.9

339.8218.2127.790.5

121.679.542.1

1.1

340.9

316.5245.9112.1133.8

70.629.940.7

6.01.24.9

12.5

5.9

1981 r

366.7

365.6229.6132.696.9

136.190.645.5

1.1

366.7

340.6260.3123.6136.8

80.336.643.7

6.21.25.1

16.4

3.5


III

343.5

342.4222.9129.993.0

119.576.343.2

1.1

343.5

297.9231.5108.7122.8

66.425.940.6

5.91.04.9

11.9

27.8

IV

347.2

346.1221.0127.593.6

125.080.744.3

1.1

347.2

322.7248.8116.0132.9

73.932.241.7

8.01.66.4

14.1

2.3

1981

I

368.5

367.4236.3132.5103.9

131.187.143.9

1.1

368.5

338.2259.1116.4142.7

79.134.944.2

5.71.04.7

15.8

8.8

II

369.3

368.2234.2139.494.8

134.088.745.4

1.1

369.3

347.5265.3123.3142.0

82.238.343.8

5.11.04.1

17.0_ 2

III

369.1

368.0225.1132.692.5

142.995.947.0

1.1

369.1

338.7255.8125.7130.1

82.940.342.6

6.81.05.8

17.1

6.5

IV

360.0

358.9222.7126.096.7

136.290.645.6

1.1

360.0

338.2261.1128.9132.3

77.033.044.0

7.31.65.7

15.8

-1.3


1980

161.192.255.636.6

68.945.423.5

109.174.047.626.4

35.117.018.1

1981 r

159.688.951.137.8

70.747.223.5

115.178.451.027.4

36.719.117.6


III

160.593.555.737.8

67.043.123.9

102.870.545.824.6

32.414.617.8

IV

157.489.052.536.4

68.444.424.1

108.973.447.525.8

35.517.717.8

1981

I

162.592.452.939.5

70.146.723.4

111.674.547.726.8

37.118.718.4

II

161.591.054.336.7

70.546.923.7

115.477.350.626.7

38.120.317.8

III

160.186.650.236.4

73.549.524.0

116.979.152.027.1

37.820.817.0

IV r

154.285.547.038.5

68.645.722.9

116.782.853.829.0

33.916.717.2

Table 4.1-4.2:1. Equals rest-of-the-world production as shown in tables 1.5-1.6.

Table 4.3-4.4.Merchandise Exports and Imports by Type of Product and by End-Use Category in Current and Constant Dollars

Merchandise exports

Foods, feeds, and beverages

Industrial supplies and materialsDurable goodsNondurable goods

Capital goods except autos

Autos

Consumer goods . . .Durable goodsNondurable goods

OtherDurable goodsNondurable goods

Merchandise Imports

Foods, feeds, and beverages .

Industrial supplies and materials, excluding petroleumDurable goodsNondurable goods

Petroleum and products

Capital goods except autos

Autos

Consumer goodsDurable goodsNondurable goods


Addenda:Exports:

Agricultural productsNonagricultural products

Imports of nonpetroleum products

Billions of dollars

1980

218.2

35.9

67.124.342.8

73.5

16.9

16.58.87.7

8.34.24.2

245.9

18.2

52.131.220.9

79.1

30.1

27.1

34.421.213.1

4.92.52.5

42.3175.9166.8

1981 r

229.6

38.8

64.920.644.3

80.1

18.9

16.07.68.4

10.95.55.4

260.3

18.8

56.833.623.2

77.2

33.8

30.0

38.423.514.8

5.32.72.7

44.9184.7183.1


III

222.9

38.4

65.923.342.7

77.6

16.5

16.08.37.7

8.44.24.2

231.5

18.2

47.527.619.9

69.1

30.0

28.1

34.320.813.5

4.22.12.1

43.8179.1162.4

IV

221.0

38.8

65.222.243.0

75.5

18.1

16.18.08.1

7.33.73.7

248.8

19.5

51.631.220.4

76.8

31.2

28.9

34.821.713.1

6.03.03.0

44.8176.2172.0

1981

I

236.3

44.9

67.622.145.5

79.1

18.5

16.67.98.6

9.74.84.8

259.1

20.5

55.432.123.3

82.8

32.0

27.0

37.123.213.9

4.32.12.1

51.5184.8176.3

II

234.2

38.8

62.921.541.4

83.4

20.8

16.47.88.6

12.06.06.0

265.3

18.7

57.435.322.0

84.3

32.1

30.6

36.922.614.3

5.32.62.6

44.9189.3181.0

III

225.1

35.8

62.419.243.2

80.2

20.2

15.87.78.2

10.75.45.3

255.8

18.1

57.734.723.0

71.3

34.6

30.6

38.323.315.1

5.22.62.6

40.7184.4184.5

IV r

222.7

35.9

66.619.547.1

77.7

16.3

15.17.08.1

11.25.65.6

261.1

18.0

56.632.224.4

70.5

36.7

31.7

41.225.116.1

6.53.23.2

42.4180.3190.6


1980

92.2

15.3

23.78.6

15.1

34.7

6.8

8.33.84.5

3.51.81.8

74.0

6.7

17.310.27.1

6.9

14.7

10.9

15.510.94.7

2.01.01.0

18.074.167.1

1981 r

88.9

15.7

22.17.0

15.1

32.3

6.6

7.93.14.8

4.22.12.1

78.4

7.3

19.011.27.8

5.9

17.1

10.4

16.611.35.3

2.11.11.1

18.270.772.5


III

93.5

16.4

23.58.3

15.2

35.6

6.5

7.93.64.4

3.51.81.8

70.5

6.6

15.68.96.7

5.8

14.4

11.2

15.210.54.7

1.7.8.8

18.774.864.7

IV

89.0

15.2

23.07.8

15.2

33.1

6.8

7.93.44.6

3.01.51.5

73.4

7.0

16.910.06.9

6.2

14.8

10.8

15.210.74.5

2.41.21.2

17.771.367.1

1981

I

92.4

17.1

23.17.6

15.5

33.3

6.8

8.33.35.0

3.81.91.9

74.5

7.4

18.410.67.8

6.3

15.3

9.8

15.711.24.4

1.7.8.8

19.772.768.2

II

91.0

15.1

21.47.3

14.1

34.1

7.3

8.33.25.1

4.72.32.3

77.3

7.0

19.111.77.4

6.2

16.1

10.8

16.011.05.0

2.11.01.0

17.673.471.0

III

86.6

15.0

21.26.5

14.7

31.6

6.9

7.83.14.7

4.12.12.1

79.1

7.1

19.411.67.8

5.6

17.7

10.6

16.611.05.5

2.11.01.0

17.069.673.5

IV r

85.5

15.7

22.76.7

16.1

30.0

5.4

7.42.84.6

4.32.22.2

82.8

7.6

19.210.98.3

5.7

19.2

10.4

18.112.06.2

2.61.31.3

18.567.177.2



Table 5.1.Gross Saving and Investment

Gross saving

Gross private savingPersonal savingUndistributed corporate profits

with IVA and CCAdjUndistributed profitsIVACCAdj

Capital consumption allowanceswith CCAdj:

CorporateNoncorporateWage accruals less disbursements ...

Government surplus ordeficit (-), NIPA's

FederalState and local

Capital grants received by theUnited States (net)

Gross investment

Gross private domestic investment-Net foreign investment

Statistical discrepancy

Billions of dollars

1980

401.9

432.9101.3

44.3107.2

-45.7-17.2

175.4111.8

0

-32.161 229.1

1.1

401.2

395.35.9

7

1981 r

454.9

479.7107.3

50.792.1

-27.5-13.9

197.7123.9

0

-25.962 536.6

1.1

454.1

450.73.5

-.8


III

402.0

446.5111.4

42.8102.4

-41.7-17.9

178.4113.4

.5

-45.674 228.6

1.1

405.0

377.127.8

3.0

IV

406.7

436.497.6

40.4106.6

-48.4-17.8

183.2115.8-.5

-30.867 937.1

1.1

400.1

397.72.3

-6.6

1981

I

442.6

451.188.9

55.7109.6

-39.2-14.7

187.5119.0

0

-9.746 636.9

1.1

446.0

437.18.8

3.4

II

465.3

475.3106.6

52.090.6

-24.0-14.7

194.6122.1

0

-11.247236.1

1.1

458.3

458.6-.2

-6.9

III

469.4

486.2106.9

52.891.5

-25.3-13.4

201.1125.4

0

-17.955 737.8

1.1

469.6

463.06.5

.2

IV T

"126.7

-21.5-12.8

207.7129.1

0

1.1

442.7

443.9-1.3

Table 5.10-5.11.Inventories and Final Sales of Business in Currentand Constant Dollars

Table 5.8-5.9.Change in Business Inventories by Industry in Currentand Constant Dollars

Change in business inven-tories

FarmNonfarm

Change in book valueIVA1

ManufacturingDurable goodsNondurable goods

Wholesale tradeDurable goodsNondurable goods

Merchant wholesalers.Durable goodsNondurable goods

Nonmerchant wholesalersDurable goodsNondurable goods

Retail tradeDurable goodsNondurable goods


Change in business inven-tories

FarmNonfarm

Change in book valueIVA1

ManufacturingDurable goodsNondurable goods


Merchant wholesalersDurable goodsNondurable goods




Billions of dollars

1980

-5.9

-1.2-4.749.3

-54.0

-2.1-.5

-1.61.0.8.2

1.51.1.4

-.5-.3-.2

-4.4-4.4

0.8.1.8

1981 r

17.0

2.314.646.1

-31.4

6.24.31.94.73.8

.95.03.61.4

-.32

-J53.703.7

.1-.1

.1


III

-16.0

-3.7-12.3

36.5-48.8

-12.6-4.4-8.2-1.9-.8

-1.03.7-.4

-4.1-5.6-.5

-5.12.9

-3.05.9-.8-.2-.6

IV

-17.4

-3.4-14.0

42.4-56.4

-9.7-1.6-8.1

.62.0

-1.4.7

2.5-1.8-.1-.5

.4-4.5

.5-4.9-.4-.2-.2

1981

I

4.5

-2.46.8

52.7-45.9

15.06.28.9

.4-.91.3

-3.8-1.0-2.7

4.2.2

4.0-9.4-9.3-.1

.8-.1

.9

II

23.3

1.821.547.8

-26.3

2.0.6

1.47.56.31.29.76.43.3

-2.2-.1

-2.114.411.72.7

-2.4-.1

-2.3

III

27.5

4.423.151.7

-28.6

10.812.1

-1.3.6

5.4-4.8

4.64.0

.6-4.0

1.4-5.410.01.28.81.7-.11.7

IV r

12.6

5.57.1

32.0-24.9

-3.0-1.8-1.210.14.35.99.44.94.5

.8-.61.4

-.2-3.7

3.6.2

-.1.3


-2.9

-.5-2.4

-1.0-.1-.9

.5

.50

.6

.6

.1-.2-.10

-2.2-2.2

.1

.30

.2

7.6

1.26.4

2.61.8.8

2.21.6.6

2.11.5.6.1.1

01.7-.11.8000

-5.0

-1.8-3.1

-5.2-1.8-3.4

.9-.21.11.902.0

-1.1-.2-.91.3

-1.73.0-.1-.10

-7.2

-1.5-5.6

-3.6-.7

-2.80

.7-.8

.31.0

-.7-.3-.3-.1

-1.9.4

-2.3-.2-.1-.1

-1.4

-1.1-.3

4.62.52.1

-1.0-.9-.1

-1.6-1.0-.7

.7

.1

.6-4.3-4.7

.5

.40

.4

10.8

.99.9

.9

.4

.53.02.8

.23.22.8

.4-.30-.26.95.81.1

-.90-.9

14.9

2.212.8

5.45.2

.22.72.3

.42.71.71.00

.6-.64.5

.44.1

.20

.2

6.2

2.83.4

-.6-.8

.24.12.02.14.22.31.9-.1-.3

.2-.3

-1.71.4.2

0.2

Inventories *FarmNonfarm

Durable goodsNondurable goods .

Manufacturing .Durable goodsNondurable goods


Merchant wholesalersDurable goodsNondurable goods


Retail tradeDurable goods . ..Nondurable goods

Other

Final sales2Final sales of goods and structures

Ratio' Inventories to final salesNonfarm inventories to final salesNonfarm inventories to final sales of goods

and structures

Inventories * . .

Farm

Durable goodsNondurable goods

ManufacturingDurable goods .Nondurable goods


Merchant wholesalers .Durable goodsNondurable goods .



Other

Final sales 2Final sales of goods and structures

Ratio' Inventories to final salesNonfarm inventories to final salesNonfarm inventories to final sales of goods

and structures

Billions of dollars

Seasonally adjusted quarterly totals1980

III

765.892.6

673.2379.9293.4

335.3215.5119.8

146.389.057.3

116.774.042.729.615.014.6

127.358.169.364.3

187.2117.0

4.093.60

5.75

IV

785.492.6

692.8393.7299.1

344.2222.5121.8

151.792.659.1

120.777.243.531.015.415.6

130.360.869.566.5

194.1121.9

4.053.57

5.68

1981

I

796.986.9

710.0397.8312.2

355.2226.9128.2

155.794.361.4

121.878.243.533.916.117.8

129.858.771.169.4

201.4127.6

3.963.53

5.56

II

811.386.7

724.6408.8315.8

363.2231.8131.3

158.897.661.2

125.381.244.133.516.417.1

132.661.271.470.0

202.2126.5

4.013.58

5.73

III

825.685.1

740.5422.7317.8

369.7239.9129.8

160.6100.760.0

128.083.744.232.616.915.7

139.264.075.271.0

207.5128.9

3.983.57

5.74

IV '

834.784.8

749.9427.9322.0

372.5242.5130.0

164.1102.961.2

131.085.945.133.116.916.1

140.964.176.872.5

209.9129.2

3.983.57

5.80Billions of 1972 dollars

342.3

43.4299.0179.9119.1

145.999.046.8

64.742.522.253.335.318.111.37.24.1

65.130.234.823.4

103.964.7

3.292.88

4.62

340.6

43.0297.6179.9117.6

145.098.946.1

64.742.722.053.435.517.911.27.14.1

64.630.334.223.4

105.465.9

3.232.82

4.51

340.2

42.7297.5179.2118.3

146.199.546.6

64.442.422.053.035.317.711.47.14.3

63.529.234.423.4

107.367.9

3.172.77

4.38

342.9

42.9300.0181.4118.6

146.399.646.8

65.243.122.053.836.017.811.37.14.2

65.230.634.623.2

105.966.2

3.242.83

4.53

346.6

43.5303.2183.3119.8

147.7100.946.8

65.843.722.154.536.418.111.47.34.1

66.430.735.723.3

105.965.9

3.272.86

4.60

348.2

44.2304.0183.2120.8

147.5100.746.9

66.944.222.755.537.018.511.37.24.1

66.330.336.023.3

105.064.9

3.312.89

4.68

Table 5.10-5.11:1. Inventories are as of the end of the quarter. The quarter-to-quarter change in inventories

calculated from current-dollar inventories in this table is not the current-dollar change in busi-ness inventories (CBI) component of GNP. The former is the difference between two inventorystocks, each valued at their respective end-of-quarter prices. The latter is the change in the physi-cal volume of inventories valued at average prices of the quarter. In addition, changes calculatedfrom this table are at quarter rates, whereas CBI is stated at annual rates. Quarter-to-quarterchanges calculated from the constant-dollar inventories shown in this table are at quarterlyrates, whereas the constant-dollar change in business inventories component of GNP is stated atannual rates.

2. Quarterly totals at monthly rates. Business final sales equals final sales less gross product ofhouseholds and institutions, government, and rest-of-the-world and includes a small amount offinal sales by farms.

Table 5.8-5.9:1. The IVA shown in this table differs from that which adjusts business income. The IVA in

this table reflects the mix of methods (first-in-first-out, last-in-first-out, etc.) underlying bookvalue inventories derived primarily from Census Bureau Statistics. The mix differs from that un-derlying business income derived primarily from Internal Revenue Service statistics.


10 SURVEY OF CURRENT BUSINESS February 1982Table 6.4.National Income Without Capital Consumption Adjustment

by IndustryTable 7.1-7.2.Implicit Price Deflators and Fixed-Weighted Price

Indexes, 1972 Weights, for Gross National Product

National incomewithout CCAdj

Domestic industries

Private industries

Agriculture, forestry,and fisheries

Construction

ManufacturingDurable goods .Nondurable goods

Transportation andpublic utilities

TransportationCommunicationElectric, gas, and

sanitary services

Wholesale tradeRetail tradeFinance, insurance, and

real estateServices

Government and govern-ment enterprises

Rest of the world

Billions of dollars

1980

2,180.4

2,130.8

1,829.1

62.837.0

108.4

527.2311.5215.7

174.380.050.1

44.3

133.8180.0

290.8314.8

301.7

49.7

1981 r

2,406.3

2,352.3

2,022.9

67.244.2

114.8

586.0350.2235.7

193.185.155.9

52.2

151.1200.9

312.3353.3

329.4

54.0


III

2,183.1

2,132.6

1,830.1

62.136.0

106.6

517.6305.7211.9

179.379.950.9

48.5

131.4183.6

294.3319.1

302.5

50.5

IV

2,265.6

2,217.1

1,903.1

63.440.9

111.6

548.1329.2218.9

180.982.554.0

44.4

139.6186.6

304.0327.9

314.0

48.6

1981

I

2,350.2

2,297.9

1,977.2

61.442.5

116.4

577.2346.4230.9

187.584.753.9

48.9

146.6197.1

308.1340.4

320.7

52.3

II

2,381.1

2,330.7

2,005.4

65.841.0

114.1

586.3354.9231.4

190.885.354.4

51.2

148.5200.1

309.9348.7

325.3

50.4

III

2,437.6

2,382.0

2,051.3

70.346.1

113.8

596.6355.0241.6

195.585.456.7

53.5

153.6204.2

313.7357.5

330.8

55.6

Table 6.20. Corporate Profits by Industry

Corporate profitswith IVA andCCAdj

Domestic industriesFinancial

Rest of the world

Corporate profitswith IVA

Domestic industries

FinancialFederal Reserve Banks...Other

Nonfinancial

Durable goodsPrimary metal in-

dustriesFabricated metal

Machinery, exceptelectrical

Electric and elec-tronic equipment..

Motor vehicles andequipment

Other

Nondurable goodsFood and kindred

productsChemicals and

allied productsPetroleum and coal

products ..Other

Transportation andpublic utilities

Wholesale and retailtrade

Other

Rest of the world

IV r


Personal consumptionexpenditures

Durable goodsNondurable goodsServices

Gross private domesticinvestment

Fixed investmentNonresidential

StructuresProducers' durable equipment ..

ResidentialNonfarm structuresFarm structuresProducers' durable equipment ..

Change in business inventories

Net exports of goods andservices

ExportsImports

Government purchases ofgoods and services

Federal ..National defenseNondefense

341.0 State and local

57.6


Personal consumptionPYnonrlitnrps

HI*., of donars S^ S^ ::::::::::::::::::::::::::1980

182.7

151.527.9

123.6

31.1

199.8

168.7

30.611.918.7

138.174.520.9

3.1

3.9

6.3

5.3

-4.36.5

53.7

7.3

7.5

24.614.3

18.5

20.924.1

31.1

1981 r

191.5

167.520.9

146.6

24.0

205.4

181.4

24.214.59.7

157.183.527.0

3.2

3.8

8.3

6.8

-.85.7

56.5

9.6

8.6

22.016.4

21.0

28.324.3

24.0

Seasonally adjusted at annual rate1980

III

177.9

147.025.8

121.2

30.9

195.9

165.0

28.711.317.4

136.268.519.4

.7

3.9

6.2

5.5

-4.88.0

49.1

5.7

7.0

22.214.2

22.5

20.424.8

30.9

IV

183.3

155.627.4

128.2

27.7

201.0

173.4

30.512.018.5

142.976.225.8

3.8

4.8

6.1

5.3

-.86.6

50.4

8.6

8.1

19.913.8

18.8

22.625.2

27.7

Services

1Qoi Gross private domesticIy5i invpstmpnt

I

203.0

177.625.5

152.1

25.4

217.7

192.3

28.613.515.1

163.790.431.5

5.1

4.1

8.7

8.4

-1.66.8

58.9

10.4

10.1

21.616.8

20.8

27.525.1

25.4

II

190.3

167.621.0

146.5

22.8

205.1

182.3

24.314.310.1

158.084.431.9

3.8

4.6

8.2

6.2

2.76.3

52.5

9.5

8.3

19.615.1

20.0

28.425.1

22.8

III

195.7

171.119.2

152.0

24.5

209.1

184.6

22.715.27.5

161.985.126.0

3.7

4.7

8.6

6.6

-2.24.7

59.0

8.9

8.5

26.415.2

21.6

30.125.2

24.5

yy r Fixed investment

NonresidentialStructuresProducers' durable equipment ..

ResidentialChange in business inventories

Net exports of goods andservices

ExportsImports

Government purchases ofgoods and services

FederalNational defenseNondefense

State and local

Addenda:Gross domestic purchases1Final salesFinal sales to domestic purchas-

ers *

Personal consumption expendi-tures, food

Personal consumption expendi-tures energy

Other personal consumption ex-penditures

Gross domestic productBusiness

Nonfarm

Table 7.1-7.2:

purchasers equals final sales less expo

Implicit price deflators, 1972 = 100

1980

177.36

178.9156.0188.6178.1

194.2186.8224.7170.2218.6221.7219.9149.4

211.0290.1

184.4183.9185.6180.6184.7

1981 r

193.69

193.8166.5202.4195.2

209.1202.4246.4182.3233.3236.8235.5159.4

229.1295.9

202.6206.4208.7201.7200.3

Seasonally adjusted1980

III

179.18

180.7157.5190.0180.3

196.4189.1229.5171.7221.9225.2223.1151.0

213.4289.7

185.1182.4185.2176.7186.7

IV

183.81

184.9160.5195.2184.3

199.9192.4233.3174.5223.3226.3224.2152.4

219.9296.4

192.8197.4196.8198.7190.0

1981

I

188.14

188.5162.3199.2188.4

203.1195.0236.2176.8228.7231.8229.6155.2

226.1303.1

196.4199.4201.2195.9194.5

Fixed-weighted price indexe

183.3

184.3160.1195.6182.0

203.8195.5217.9182.6219.6

217.1302.9

190.8191.2195.1181.1190.5

188.8183.2

188.7

192.7

317.1

169.5

183.3184.5

200.4

201.0171.9212.6200.2

220.9213.5235.7200.8234.8

237.2321.1

209.0213.2218.8199.0206.2

205.8200.4

205.9

208.6

359.9

184.1

200.5201.8

185.1

186.3162.0197.3184.3

207.1198.6221.0185.8223.1

219.1308.7

192.1190.8194.9180.4193.0

190.9185.0

190.8

195.1

320.3

171.3

185.1186.7

189.7

190.8164.9202.9188.5

209.7202.0224.1189.4224.3

226.6315.5

198.2201.2205.8189.5196.2

195.4189.6

195.4

202.6

325.2

175.0

189.8190.9

194.4

195.8166.7209.5193.1

214.6206.7229.0193.9229.7

232.9324.4

202.7205.5210.0194.0200.7

200.3194.3

200.2

205.7

353.3

178.4

194.4195.7

II

191.06

191.5165.4200.4192.2

208.4201.4244.1182.0231.8235.0233.4158.0

228.0301.2

199.5201.9204.2197.3198.0

III

195.61

195.7168.3203.7197.6

210.9204.5249.2184.0235.4239.1237.6161.5

229.8289.8

204.2206.6208.3203.1202.8

IV r

200.01

199.4170.4206.2202.3

214.5208.7255.6186.4238.7242.9241.2163.1

232.8289.8

210.5217.0220.4210.3206.2

s, 1972 = 100

198.1

198.9170.4211.2197.3

219.1211.8233.5199.3233.1

236.1324.8

206.9210.8216.1197.1204.3

203.8198.0

203.8

206.0

360.3

182.0

198.2199.5

202.6

202.9174.0213.5202.8

223.4216.1238.1203.4237.3

239.0318.6

210.6213.7219.3199.5208.6

207.8202.5

207.8

210.3

360.1

186.2

202.7204.3

206.8

206.4176.5216.2207.6

226.9219.5241.7206.7240.9

241.1317.2

216.1222.8229.4206.0211.5

211.7206.8

211.7

212.5

366.1

189.9

206.9208.0

3 GNP less exports plus imports; final sales to domesticrts plus imports.


February 1982 SURVEY OF CURRENT BUSINESS 11

Table 7.3.Implicit Price Deflators for Gross National Product byMajor Type of Product

Table 7.7.Current-Dollar Cost and Profit Per Unit of Constant-DollarGross Domestic Product of Nonfinancial Corporate Business



Goods


Durable goodsFinal salesChange in business inventories

Nondurable goodsFinal salesChange in business inventories

Services

Structures

Addenda:Gross domestic purchases 1Final sales to domestic purchas-

ers *

Index numbers, 1972 = 100

1980

177.36

177.4

169.9

170.1

164.1164.5

174.2174.2

176.7

222.1

182.2

182.2

1981 r

193.69

193.5

185.7

185.3

179.7179.0

189.9189.7

193.8

239.8

197.9

197.7

Seasonally adjusted1980

III

179.18

179.7

171.8

172.9

166.3167.0

175.7177.2

178.5

226.0

183.3

183.8

IV

183.81

184.1

176.3

177.0

169.2169.1

181.6182.8

183.2

228.5

188.4

188.7

1981

I

188.14

187.7

181.1

180.1

173.3172.9

186.7185.4

187.2

232.8

192.7

192.2

II

191.06

190.9

183.2

182.6

179.1178.2

186.1185.8

190.8

238.0

195.7

195.5

III

195.61

195.7

187.6

187.7

183.0181.4

190.9192.1

195.9

242.4

199.4

199.5

IV r

200.01

200.0

191.1

191.0

183.7183.9

195.9195.6

201.1

246.8

203.7

203.7

Table 7.4Implicit Price Deflators for Gross National Product bySector

Gross national productGross domestic product

BusinessNonfarm

Nonfarm less housingHousing

FarmStatistical discrepancy

Households and institu-tions

Private householdsNonprofit institutions

GovernmentFederalState and local .

Rest of the world

Addendum:Gross domestic business product

less housing

17736177.41774177.01790160919311774

189.5193.8189 1

1735166.61767

175.4

179.4

193.69193.71937193.81961174919151937

207.9208.92079

1894183.71920

191.9

196.0

179.18179.21795178.8180.81625205.31795

190.7195.01903

173 5163.21783

177.2

181.5

18381183.81838183.11852166420881838

196.0199.81957

1805178.01817

182.0

185.9

18814188.21882187.9190 1169620001882

201.2203.4201 0

184 117951862

186.5

190.4

19106191.1191 1190.9193 117281987191 1

205.7206.62057

186818021898

189.2

193.3

195.61195.61958196.019841765190.61958

210.1211.02100

1898180.51942

193.8

198.1

20001200.01999200.620321803179.01999

214.7215

scb_021982

Documents

secondclass mail

public business

mail subscription orders

grosvenormanaging editor

firstclass mail

carson editor

annual subscription

secretary of commerce