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8 SURVEY OF CUEEENT BUSINESS August 1981 National Income and Product Accounts Tables The tables that follow are presented in eight groups, and the table numbers reflect these groups. The table numbers will also be used in future publications presenting national income and product account estimates. The groups are: 1. National product and income 5. Saving and investment 2. Personal income and outlays 6. Product and income by industry 7. Implicit price deflators and price indexes 3. Government receipts and expenditures 8. Supplementary table: Percent change from 4. Foreign transactions preceding period for selected items Estimates for the first and second quarters of 1981 shown in these tables incorporate the changes in tax law that resulted from the enactment of the Ecomomic Recovery Tax Act of 1981. (See the "Business Situation" for an explanation of these changes.) The detailed series affected by the changes are: capital consumption allowances for corporations and nonfarm proprietors; the capital consumption adjustment for corporations and nonfarm proprietors; corporate profits before taxes; nonfarm proprietors' income; and Federal and State and local government corporate taxes. These series and related series that also are affected appear in tables 1.7, 1.11, 1.13, 3.2, 3.3, 5.1, 6.4, 6.20, and 7.7. The abbreviations used in the tables are: CCAdj Capital consumption adjustment IVA Inventory valuation adjustment NIPA's National income and product accounts p Preliminary r Revised 1980 1979 1980 I II 1981 III IV I 1980 II' 1979 1980 I II Seasonally adjusted at annual rates 1981 IV III I II' Seasonally adjusted at annual rates Billions of dollars Billions of 1972 dollars Table 1.1-1.2.—Gross National Product in Current and Constant Dollars Gross national product 2,413.9 2 626 1 2,571.7 2,564 8 2,637.3 2,730 6 2, 853. 0 2, 881. 6 1,483.0 1,480 7 1,501.9 1,463.3 1,471.9 1,485 6 1, 516. 4 1, 507. 4 Personal consumption expenditures Gross private domestic investment Fixed investment __ _ Nonresidential Structures Producers' durable equipmentResidential Nonfarm structures Farm structures Producers' durable equipment Change in business inventories Nonfarm Farm • _» Net exports of goods and services Exports Imports _ _ 212.3 602 2 696 3 211 9 675 7 785 2 220 9 661 1 749 0 194 4 664 0 768 4 208.8 674 2 799 2 415.8 395.3 415.6 390.9 377.1 397.7 437.1 393 2 294 0 107 3 186 8 99.2 94 5 17 415.1 302.1 111. 5 190.7 113. 0 107.6 432.7 315.9 117 2 198.7 116.7 111.4 398.3 279.7 96 3 183.4 118.6 113 9 401 2 296 0 108 8 187 1 105. 3 100 3 413.1 297.8 108 2 189 7 115.2 110 1 17 5 13 4 4.1 —5 9 —4 7 —1.2 30 25 15 10 13.4 23 3 8.2 1.8 2.9 _ _- , 930 9 935 1 943 4 919 3 930 8 946 8 960 2 955.3 146.6 354 6 429 6 135.8 358 4 440 9 145 4 361 5 436 5 126. 2 356 6 436 5 132.6 354 9 443 3 139.1 360 4 447.3 146.8 364 5 448.9 137.2 366.6 451.4 455.8 232.6 203 6 218.3 200.5 195.3 200.5 211.6 218.2 434.6 323.3 122 7 200.7 111.3 106 0 21 222 5 163.3 48 5 114 8 59.1 56 2 206 6 158 4 48 4 110 0 48.1 45 2 219.2 165. 0 50 5 114.5 54.2 51 2 199 2 156.1 48 7 107.4 43.1 40 3 200.2 155. 5 46 8 108.8 44.7 41 9 207.6 157.0 47.8 109.3 50.6 47.5 213.1 162.0 49.6 112.4 51.0 48 0 208.5 160.4 50.2 110.1 48.1 45 2 —1.4 1 510 9 1 672 8 1 631 0 1 626 8 1 682 2 1 751 0 1 810 11 831 0 Durable goods Nondurable goods Services _ _ Federal National defense Nondefense State and local 22 17.1 2.2 3.1 238.3 726 0 845 8 2.2 3.2 227.0 734 6 869 4 3.2 9 2.0 9 2.0 1.0 2.1 9 .8 2.0 .7 2.0 1.0 2.0 .9 2.1 .9 2.0 9.7 8.7 .9 —17 4 —14.0 —3.4 —2.4 6.8 21 2 19 4 10 2 78 —2 9 —2 4 —1.4 .5 .6 .7 —5 0 —3.1 —1.8 —7 2 —5.6 —1.5 44.5 23.3 29.2 17.7 37.7 52.0 50.1 51.7 57.6 48.5 50.9 44.6 346.1 322.7 159.6 115.0 339. 8 316 5 337.3 329 1 333.3 316 ° 342.4 297 9 473.8 534.7 516.8 530.0 533.5 558.6 167 9 111.2 56.7 305.9 198 9 131. 7 67.2 335.8 190 0 125.0 64.9 326 8 198 7 128. 7 70.0 331 3 194 9 131.4 63.5 338 6 212. 0 141.6 70.4 346.6 281.3 267 9 Government purchases of goods and services 2.0 3.0 383 5 289 8 108 4 181 4 93 6 88 9 18 29 3.0 16 0 74 6 1 —I 9 3 1 3 —3.7 223.3 703 5 824.2 45 1.8 2.4 —.5 13 —.3 —1.1 364.5 346 8 146.9 109 2 161.1 109.1 165.9 115.8 160.5 108.9 160.5 102. 8 157.4 108.9 162.5 111.6 576.5 577.1 281.8 290.0 210.1 291.9 288.2 289.8 293.6 289.3 221 6 145.2 76.4 354.9 219 4 148. 1 71.3 357 7 101 7 67.1 34.6 180 1 108 1 70.9 37.2 180 9 107 6 69.9 37.7 182.5 110.7 70.9 39.7 181. 2 106. 9 70.9 35. 9 181.3 107.4 71.9 35.4 182.4 111. 2 72.1 39.0 182.5 108.6 72.5 36.1 180.7 367.4 338.2 Table 1.3-1.4.—Gross National Product by Major Type of Product in Current and Constant Dollars 2,413.9 2,626.1 2 571 7 2 564 8 2 637 3 2 730 6 2,853.0 2,881 6 1 483 0 1 480 7 1,501.9 1,463.3 1,471.9 1,485 6 1,516.4 1,507.4 Gross national product Final sales Change in business inventories Goods... 2, 396. 4 2, 632. 0 2 569. 1 2,557 4 2, 653. 4 2, 748. 0 2, 848. 5 2, 860. 3 1, 472. 9 1,483 6 1, 502. 8 1, 462. 0 1, 476. 9 1, 492. 7 1, 517. 8 1,497.7 9.7 —1.4 4.5 —7.2 21.2 17.5 2.5 10.2 1.3 -5.0 —5.9 —2.9 —.9 7.4 —16.0 -17.4 _ Final sales Change in business inventories Durable goods Final sales Change in business inventories Nondurable goods Final sales Change in business inventories __ _ 1,055.9 1,130 4 1 116.9 1 106 4 1,129.4 1, 169 0 1, 247. 5 1 252.6 674.5 665 2 682.1 658.1 657.5 662.9 688.9 683.8 1 038 5 1 136 3 1 114 4 1 099 0 1 145 4 1,186 3 1 243.1 1 231 4 7 4 —16 0 —17.4 21 2 17.5 25 4.5 —5.9 664 3 10 2 668 1 —2 9 683 0 656 8 662 4 —5.0 670.1 —7.2 69 .3 —1.4 674. 1 296.9 290 2 67 377.5 374.1 35 279.4 281 3 —1 9 385.7 386.8 —1.1 290.6 295 2 —4.6 391.4 387.7 270.8 270 1 281.8 281.5 381.1 388.6 —7.5 .3 289.3 292.5 —3.1 399.6 397.9 287.2 278.7 387.3 386.7 274.6 278 4 —3.8 382.9 384.0 —1.1 690.7 129.1 690.6 114.6 699.9 114.5 701.7 121.0 703.6 123.9 703.9 119.7 451.2 439 7 11.5 604.7 598.8 60 458.6 462 6 —4.0 671.9 673.7 —1 8 456.4 468 2 —11 8 660 5 646.2 14 3 444.6 441 3 33 661.8 657.7 4i 456.5 464 9 —8 4 672 9 680.5 —7 7 476.7 476.0 .7 692.2 710.3 —18.1 501.4 505 5 —4 2 746.1 737.5 86 514.5 497 0 17 5 738 1 734.4 38 —.9 3.7 1.3 .7 .6 1.7 9.7 8.6 396.6 395.5 1.1 Services Structures 1,097.2 1,229.6 1,178.6 1,205.6 1,249.0 1,285.3 1, 317. 1 1,344.3 288 4 276 4 260.8 266 0 252 8 276.2 284 6 258 9 Addenda: Gross domestic purchases1 Final sales to domestic purchasers l 2, 400. 5 2,602.8 2, 563. 5 2, 547. 7 2, 592. 8 2, 707. 3 2, 823. 8 2, 863. 9 1, 445. 3 1, 428. 7 1, 451. 8 1,411.6 1, 414. 3 1,437.1 1,465.6 1, 462. 8 2,383 0 2, 608. 7 2 560 9 2 540 3 2 608 8 2, 724. 6 2 819 3 2 842 7 1,435 1 1, 431. 7 1,452 7 1,410 4 1,419 2 1,444.2 1, 466. 9 1, 453. 1 678.0 130 6 695.7 119 8 1. Gross domestic purchases equals GNP less exports plus imports; final sales to domestic purchasers equals final sales less exports plus imports.
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