National Income by Distributive Shares · National income by distributive shares, 7929-49 [Billions...

T A B L E C—4.—National income by distributive shares, 7929-49

[Billions of dollars]

Period

1929..

1930..1931..1932..1933..1934..

1935..1936..1937..1938..1939..

1940..1941..1942-.1943..1944..

1945..1946..1947..1948..1949 «.

1948: First halfSecond half -

1949: First halfSecond half»

1948: First quarter __Second quarterThird quarterFourth quarter

1949: First quarterSecond quarterThird quarter«Fourth quarter«

Totalnation-

alin-

come i

87.4

75.058.941.739.648.6

56.864.773.667.472.5

81.3103. 8137.1169.7183.8

182.7179.6201.7226.2222.5

Com-pen-

sationof em-ploy-ees 2

50.8

46.539.530.829.334.1

37.142.747.744.747.8

51.864.384.9

109.2121.2

123.0117.0127.6140.3142.2

Business and pro-fessional incomeand inventory-

valuationadjustment

Total

8.3

7.05.33.22.94.3

5.06.16.66.36.8

7.79.6

12.615.017.2

18.720.823.124.524.1

In-come

ofunin-corpo-ratedenter-prises

8.1

6.34.72.93.44.3

5.06.26.76.16.9

7.810.212.915.117.2

18.822.724.724.923.4

In-ven-toryvalu-ationad-

just-ment

0.1

.6

.3- . 5

i

- . 1- . 1(4)

. 22

1

- . '6- . 4- . 2- . 1

- . 1-1.9- 1 . 6- . 4

.7

In-come

offarmpro-prie-tors

3.92.91.72.32.3

4.93.95.64.44.54.96.9

10.511.811.8

12.514.215.418.415.0

Rent-al in-come

ofper-sons

5.8

4.83.62.52.02.1

2.32.73.13.33.5

3.64.35.46.16.5

6.36.26.56.66.6

Corporate profitsand inventory

valuationadjustment

Total

10.3

6.61.6

- 2 . 0- 2 . 0

1.1

3.04.96.24.35.8

9.214.619.924.324.0

19.218.325.632.630.3

Cor-po-rateprof-its

beforetax 3

9.8

3.3- . 8

- 3 . 0. 2

1.7

3.25.76.23.36.5

9 317! 221.125.124.3

19.723.631.634.827.6


just-ment

0.5

3.32.41.0

-2.1- . 6

- . 2- . 7(4)1.0

- . 7

- . 1-2.6-1.2- . 8- . 3

-5.2-6.0-2.22.7

Netinter-

est

Annual rates, seasonally adjusted

220.0232.4

224.8220.2

215.1224.9230.4234.3

226.3223.4222.5217.8

136.4144.1

142.1142.2

135.1137.7143.3144.9

142. 5141.8142.2142.3

24.424.5

24.024.1

24.224.624.524.5

24.024.124.224.0

25.224.5

23.023.7

25.125.325.923.1

22.923.123.623.8

- . 8

1.1.4

- . 9n

- L 41.4

1.11.0.6.2

18.118.6

16.413.6

17.119.118.818.5

17.115.713.813.5

6.66.6

6.76.5

6.66.76.66.7

6.76.76.56.5

30.834.5

31.429.3

28.533.033.335.7

31.830.931.527.1

34.035.6

27.927.2

33.035.036.634.5

29.426.428.026.5

- 3 . 2- 1 . 0

3.42.0

- 4 . 5- 2 . 0- 3 . 3

1.2

2.34.53.5.6

6.5

6.25.95.45.04.8

4.54.54.44.34.2

4.14.13.93.43.1

3.03.03.43.84.3

3.64.0

4.24.43. 63.73.94.1

4.24.34.34.4

1 National income is the total net income earned in production by individuals of businesses. The concep tof national income currently used differs from the concept of gross national product in that it excludes de-preciation charges and other allowances for business and institutional consumption of durable capital goods.

2 Includes wage and salary receipts and other labor income (see appendix table C-5), and employer andemployee contribution for social insurance.

3 See appendix table C-29 for corporate tax liability (Federal and State income and excess profits taxes)and corporate profits after taxes.

< Less than $50,000,000.« Estimates based on incomplete data; profits and total national income for third quarter and all items for

fourth quarter by Council of Economic Advisers.

NOTE.—Detail will not necessarily add to totals because of rounding.

Source: Department of Commerce (except as noted).

152

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

January 1950

TABLE B~~4.—National income by distributive shares, 1929—501


Period

1929

19301931..19321933.1934

19351936 . . .19371938 .1939 .. __

1940. _ .19411942 .19431944

19451946. ..1947 _.1948 .1949 ..

1949— First half.Second half

1950— First half •

1949 — First quarter.Second quarterThird quarter. .Fourth quarter

1950— First quarter .Second quarter 6

Totalnation-

alin-

come2

87.4

75.058.941.739.648.6

56.864.773.667.472.5

81.3103.8137.1169.7183.8

182.7180.3198.7223.5216.8

Com-pen-

sationof em-ploy-ees3

50.8

46.539.530.829.334.1

37.142.747.744.747.8

51.864.384.9

109.2121.2

123.0117.1128.0140.2140.6

Business and pro-fessional incomeand inventory

valuationadjustment

Total

8.3

7.05.33.22.94.3

5.06.16.66.36.8

7.79.6

12. 6-.15.017.2

18.720.619.822.121.0

In-come

ofunin-

corpo-ratedenter-prises

8.1

6.34.72.93.44.3

5.06.26.76.16.9

7.810.212.915.117.2

18.822.421.322.520.3


just-ment

0.1

.8

.6

.3-.5-.1

-.1-.1(5).2

-.2

-.1-.6-.4-.2-.1

-.1-1.8-1.5-.4

.7

In-come

offarmpro-prie-tors

5.7

3.92.91.72.32.3

4.93.95.64.44.5

4.96.9

10.511.811.8

12.514.815.617.713.4

Rent-al in-come

ofper-sons

5.8

4.83.62.52.02.1

2.32.73.13.33.5

3.64.35.46.16.5

6.36.67.17.57.3


valuationadjustment

Total

10.3

6.61.6

-2.0-2.0

1.1

3.04.96.24.35.8

9.214.619.924.324.0

19.218.324.731.829.9

Cor-po-rateprof-its

beforetax*

9.8

3.3-.8

-3.0.2

1.7

3.25.76.23.36.5

9.317.221.125.124.3

19.723.530.533.927.6


just-ment

0.5

3.32.41.0

-2.1-.6

-.2-.7(5)1.0-.7

-.1-2.6-1.2

— 8-!3

-.6-5.2-5.8-2.0

2.2

Netinter-est

6.5

6.25.95.45.04.8

4.54.54.44.34.2

4.14.13.93.43.1

3.02.93.54.14.7


218.3215.4

219.1

218.8217.8216.7214.2

217.2221.0

141.0140.1

144.4

141.5140.5140.0140.2

142.3146.6

21.320.6

21.8

21.521.120.720.6

21.422.2

20.420.1

22.6

20.720.120.020.3

21.623.6

.9

.5

-.8

.81.0.7.3

-.2-1.4

14.312.5

12.2

14.913.712.212.8

12.811.6

7.47.2

7.2

7.47.47.27.3

7.37.2

29.630.1

28.4

28.830.431.828.4

28.428.4

27.427.9

30.1

28.326.428.227.6

29.231.0

2.22.2

-1.6

.53.93.7.8

-.7-2.6

4.64.8

5.0

4.64.74.84.8

5.05.0

i The figures for 1946-50 are based on the revised series of national income and product of the Departmentof Commerce. For detail, see the "Survey of Current Business," July I960.

* National income is the total net income earned in producti on by individuals and businesses. The conceptof national income currently used differs from the concept of gross national product in that it excludes de-preciation charges and other allowances for business and institutional consumption of durable capital goods.

3 Includes wage and salary receipts and other labor income (see appendix table B-5), and employer andemployee contributions for social insurance.

* See appendix table B-29 for corporate tax liability (Federal and State income and excess profits taxes)and corporate profits after taxes.

6 Less than 50 million dollars.«Estimates based on incomplete data; second quarter by Council of Economic Advisers.

NOTE.—Detail will not necessarily add to totals because of rounding.


118


Midyear Report 1950

TABLE A—4.—National income by distributive shares, 1929-50


Period

1929

19301931193219331934 .

19351936...19371938 -- .1939..-

1940 -1941194219431944

19451946194719481949 . .

1950 •

1949_First halfSecond half

1950— First halfSecond half5 ._

1949— First quarterSecond quarterThird quarterFourth quarter. _

1 950— First quarter. _Second quarterThird quarter5

Fourth quarter 5 _.

Totalnation-

alin-

come l

87.4

75.058.941.739.648.6

56.864.773.667.472.5

81.3103.8137.1169.7183.8

182.7180.3198.7223.5216.8

236.2

Com-pen-


50.8

46.539.530.829.334.1

37.142.747.744.747.8

51.864.384.9

109.2121.2

123.0117.1128.0140.2140.6

152.2


valuationadjustment

Total

8.3

7.05.33.22.94.3

5.06.16.66.36.8

7.79.6

12.615.017.2

18.720.619.822.121.0

23.2

In-come

ofunin-

corpo-ratedenter-prises

8.1

6.34.72.93.44.3

5.06.26.76.16.9

7.810.212.915.117.2

18.822.421.322.520.3

24.7


just-ment

0.1

.8

.6

.3-.5-.1

-.1-.1

.2-.2

-.1-.6-.4

2-.'l

-.1— 1.8-1.5-.4

.7

-1.5

In-come

offarmpro-prie-tors

5.7

3.92.91.72.32.3

4.93.95.64.44.5

4.96.9

10.511.811.8

12.514.815.617.713.4

13.0

Rent-al in-come

ofper-sons

5.8

4.83.62.52.02.1

2.32.73.13.33.5

3.64.35.46.16.5

6.36.67.17.57.3

7.4


valuationadjustment

Total

10.3

6.61.6

-2.0-2.0

1.1

3.04.96.24.35.8

9.214.619.924.324.0

19.218.324.731.829.9

35.5

Cor-po-rateprof-its

beforetax 3

9.8

3.3-.8

-3.0.2

1.7

3.25.76.23.36.5

9.317.221.125.124.3

19.723.530.533.927.6

40.2


just-ment

0.5

3.32.41.0

-2.1-.6

-.2-.7(4)

1.0-.7

-.1-2.6-1.2-.8-.3

-.6-5.2-5.8-2.0

2.2

-4.7

Netinter-est

6.5

6.25.95.45.04.8

4.54.54.44.34.2

4.14.13.93.43.1

3.02.93.54.14.7

5.0


218.3215.4

223.0249.2

218.8217.8216.7214.2

216.9229.1243.7254.7

141.0140.1

145.1159.2

141.5140.5140.0140.2

142.3147.9155. 2163.2

21.320.6

21.824.6

21.521.120.720.6

21.422.324.724.4

20.420.1

22.426.8

20.720.120.020.3

21.623.327.825.9

.9

.5

-.6-2.3

.81.0.7.3

-.2-1.0

3 1-1.5

14.312.5

12.213.6

14.913.712.212.8

12.811.713.314.0

7.47.2

7.27.5

7.47.47.27.3

7.37.17.47.6

29.630.1

31.639.3

28.830.431.828.4

28.235.038.140.5

27.427.9

33.347.0

28.326.428.227.6

29.237.446.048.0

2.22.2

-1.6-7.7

.53.93.7.8

-1.0-2.3-7.9-7.5

4.64.8

5.05.0

4.64.74.84.8

5.05.05.05.0

1 National income is the total net income earned in production by individuals and businesses. Theconcept of national income currently used differs from the concept of gross national product in that it ex-cludes depreciation charges and other allowances for business and institutional consumption of durablecapital goods.

2 Includes wage and salary receipts and other labor income (see appendix table A-5), and employer andemployee contributions for social insurance (see appendix table A-6).

3 See appendix table A-32 for corporate tax liability (Federal and State income and excess profits taxes)and corporate profits after taxes.

4 Less than 50 million dollars.5 Estimates based on incomplete data; corporate profits and total national income for third quarter and all

items for fourth quarter by Council of Economic Advisers.

NOTE.—Detail will not necessarily add to totals because of rounding.Source: Department of Commerce (except as noted).

174


January 1951

TABLE B-6.—National income by distributive shares, 1929-51


Period

1929

19301931193219331934

19351936 - -193719381939

19401941 _..194219431944

19451946194719481949

1950

1950— First halfSecond half

1951— First half *

1950— First quarter _ _Second quarter _Third quarterFourth quarter _

1951 — First quarterSecond quarter 8 .. ..

Totalnation-

alin-

come1

87.4

75.058.941.739.648.6

56.864.773.667.472.5

81.3103.8137.1169.7183.8

182.7180.3198.7223.5216.7

239.0

Com-pen-


50.8

46.539.530.829.334.1

37.142.747.744.747.8

51.864.384.9

109.2121.2

123.0117.1128.0140.2139.9

153. 3


valuationadjustment

Total

8.3

7.05.33.22.94.3

5.06.16.66.36.8

7.79.6

12.615.017.2

18.720.619.822.120.9

22.3

In-come


8.1

6.34.72.93.44.3

5.06.26.76.16.9

7.810.212.915.117.2

18.822.421.322.520.3

23.8

In-ven-toryvalu-ation

ad-just-ment

0.1

.8

.6

.3-.5-.1

-.1t(«).2

—.2

-.1-.6-.4

-!l

-.1-1.8-1.5-.4

. ( >

-1.6

In-come

offarmpro-prie-tors

5,7

3.92.91.72.32.3

4.93.95.64.44.5

4.96.9

10.511.811.8

12.514.815.617.713.0

13.7

Ren-tal income

ofper-sons

5.8

4.83.62.52.02.1

2.32.73.13.33.5

3.64.35.46.16.5

6.36.67.17.57.5

8.0


valuationadjustment

Total

10.3

6.61.6

-2.0-2.0

1.1

3.04.96.24.35.8

9.214.619.924.324.0

19.218.324.731.730.5

36.2

Corpo-rateprof-its

beforetax «

9.8

3.3-.8

-3.0.2

1.7

3.25.76.23.36.5

9.317.221.125.124.3

19.723.530.533.828.3

41.4


just-ment

0.5

3.32.41.0

-2.1-.6

-.2-.7(4)1.0-.7

-.1-2.6-1.2-.8-.3

-.6-5.2-5.8-2.1

4.1

-5.1

Netinter-

est

6.5

6.25.95.45.04.8

4.54.54.44.34.2

4.14.13.93.43.1

3.02.93.54.34.9

5.4

Seasonally adjusted annual rates

225.0253.0

273.6

219.3230.6245.8260.1

269.4277.8

145.4161.2

174.6

142.2148.6157.3165.2

172.1177.1

21.523.1

23.9

21.121.923 223.0

24.123.7

22.125.6

25.6

21.322.926.424.8

27.324.0

-.6-2.5

-1.8

-.2-1.0-3.2-1.8

-3.2-.3

12.415.0

16.8

12.512.214.315.8

16.417.1

7.88.2

8.2

7.87.88.18.4

8.38.2

32.639.8

44.4

30.534.837.442.2

42.946.0

34.748.0

50.2

31.937.545.750.3

51.848.5

-2.0-8.2

-5.7

-1.4-2.7-8.3-8.2

-8.9-2.5

5.25.6

5.6

5.25.35.55.6

5.65.7

1 National income is the total net income earned in production by individuals and businesses. The con-cept of national income currently used differs from the concept of gross national product in that it excludesdepreciation charges and other allowances for business and institutional consumption of durable capitalgoods, and indirect business taxes.

2 Includes wage and salary receipts and other labor income (see appendix table B-7), and employerand employee contributions for social insurance (see appendix table B-8).

* See appendix table B-34 for corporate tax liability (Federal and State income and excess profits taxes)and corporate profits after taxes.

4 L*'ss than 50 million dollars.« Estimates based on incomplete data; second quarter by Council of Economic Advisers.

NOTE.—The figures beginning with 1948 are based on the revised series of national income and productof the Department of Commerce. For detail, see the "National Income Supplement to the Survey of Cur-rent Business," July 1951.

Detail will not necessarily add to totals because of rounding.


230


Midyear Report 1951



Period

1929 .

19301931 .193219331934

193519361937.1938 .. .1939

19401941.194219431944

1945 .1946194719481949

1950..1951 •

1950: First halfSecond half

1951: First halfSecond half «

1950: First quarter .Second quarterThird quarter . _Fourth quarter

1951: First quarterSecond quarterThird quarter •Fourth quarter 5

Totalna-

tionalin-

come1

87.4

75.058.941.739.648.6

56.864.773.667.472.5

81.3103.8137. 1169.7183.8

182.7180.3198.7223.5216.7

239.0276.0

Com-pen-


50.8

46.539.530.829 3sili37.142.747.744.747.8

51.864.3S4.9

109.2121.2

123.0117.1128.0140.2139.9

153.3178.1


valuationadjustment

Total

8.3

7.05.33.22.94.3

5.06.16.66.36.8

7.79.6

12.615.017.2

18.720.619.822.120.9

22.323.6

In-come


8.1

6. 34.72.93.44.3

5.06.26.76.16.9

7.810.212.915.117.2

18.822.421.322.520.3

23.824.4


just-ment

0.1

.8

.6

.3-.5-.1

-.1. i

l l.2o

-.1-.6

A

-.2-.1

-.1-1.8-1.5-.4

.6

-1.6-.7

In-come

offarmpro-prie-tors

5.7

3.92.91.72.32.3

4.93.95.64.44.5

4.96.9

10.511.811.8

12.514.815.617.713.0

13.717.0

Rent-al in-come

ofper-sons

5.8

4.83.62.52.02.1

2.32.73.13.33.5

3.64.35.46.16.5

6.36.67.17.57.5

8.08.4


valuationadjustment

Total

10.3

6.61.6

-2.0-2.0

1.1

3.04.96.24.35.8

9.214.619.924.324.0

19.218.324.731.730.5

36.243.1

Cor-porate

profitsbeforetax 3

9.8

3.3-.8

-3.0.2

1.7

3.25.76.23.36.5

9.317.221.125.124.3

19.723.530.533.828.3

41.444.8


just-ment

0..5

3.32.41.0

-2.1-.6

— 2-'.7(<)1.0

-.7

-.1-2.6-1.2-.8— 3

-.6-5.2-5.8-2.1

2.1

-5.1-1.7

Netin-

terest

6.5

6.25.95.45.04.8

4.54.54.44.34.2

4.14.13.93.43.1

3.02.93.54.34.9

5.45.7


225.0253.0

271.8280.0

219.3230.6245.8260.1

269.4274.3278.1282.0

145.4161.2

174.8181.4

142.2148.6157.3165.2

172. 1177.4180.4182.5

21.523.1

23.823.4

21.121.923.223.0

24.123.623.423.5

22.025.6

25.723.0

21.322.826.324.9

27.224.222.823.3

-.6-2.5

-1.8.4

2-ilo-3.2-1.8

-3.1-.5

.6

.2

12.415.0

16.417.6

12.512.214.315.8

16.416.317.318.0

7.88.2

8.28.4

7.87.88.18.4

8.38.28.48.5

32.639.8

43.043.2

30.534.837.442.2

42.943.042.843.7

34.748.0

48.641.0

31.937.545.750.3

51.845.440.042.0

-2.0-8.2

-5.62.2

-1.4-2.7-8.3-8.2

-8.9-2.3

2.81.7

5.25.6

5.65.8

5.25.35.55.6

5.65.75.85.8

1 National income is the total net income earned in production by individuals and businesses. The conceptof national income currently used differs from the concept of gross national product in that it excludes de-preciation charges and other allowances for business and institutional consumption of durable capital goods,and indirect business taxes.

2 Includes wage and salary receipts and other labor income (see appendix table B-7), and employer andemployee contributions for social insurance (see appendix table B-8).

3 See appendix table B-32 for corporate tax liability (Federal and State income and excess profits taxes)and corporate profits after tax.



NOTE.—The figures beginning with 1948 are based on the revised series of national income and productof the Department of Commerce. For detail, see the National Income Supplement to the Survey of Cur-rent Business, 1951.



172


January 1952



Period

1929 .

19301931 .193219331934

193519361937.1938 .. .1939

19401941.194219431944

1945 .1946194719481949

1950..1951 •


1951: First halfSecond half «

1950: First quarter .Second quarterThird quarter . _Fourth quarter

1951: First quarterSecond quarterThird quarter •Fourth quarter 5

Totalna-

tionalin-

come1

87.4

75.058.941.739.648.6

56.864.773.667.472.5

81.3103.8137. 1169.7183.8

182.7180.3198.7223.5216.7

239.0276.0

Com-pen-


50.8

46.539.530.829 3sili37.142.747.744.747.8

51.864.3S4.9

109.2121.2

123.0117.1128.0140.2139.9

153.3178.1


valuationadjustment

Total

8.3

7.05.33.22.94.3

5.06.16.66.36.8

7.79.6

12.615.017.2

18.720.619.822.120.9

22.323.6

In-come


8.1

6. 34.72.93.44.3

5.06.26.76.16.9

7.810.212.915.117.2

18.822.421.322.520.3

23.824.4


just-ment

0.1

.8

.6

.3-.5-.1

-.1. i

l l.2o

-.1-.6

A

-.2-.1

-.1-1.8-1.5-.4

.6

-1.6-.7

In-come

offarmpro-prie-tors

5.7

3.92.91.72.32.3

4.93.95.64.44.5

4.96.9

10.511.811.8

12.514.815.617.713.0

13.717.0

Rent-al in-come

ofper-sons

5.8

4.83.62.52.02.1

2.32.73.13.33.5

3.64.35.46.16.5

6.36.67.17.57.5

8.08.4


valuationadjustment

Total

10.3

6.61.6

-2.0-2.0

1.1

3.04.96.24.35.8

9.214.619.924.324.0

19.218.324.731.730.5

36.243.1

Cor-porate

profitsbeforetax 3

9.8

3.3-.8

-3.0.2

1.7

3.25.76.23.36.5

9.317.221.125.124.3

19.723.530.533.828.3

41.444.8


just-ment

0..5

3.32.41.0

-2.1-.6

— 2-'.7(<)1.0

-.7

-.1-2.6-1.2-.8— 3

-.6-5.2-5.8-2.1

2.1

-5.1-1.7

Netin-

terest

6.5

6.25.95.45.04.8

4.54.54.44.34.2

4.14.13.93.43.1

3.02.93.54.34.9

5.45.7


225.0253.0

271.8280.0

219.3230.6245.8260.1

269.4274.3278.1282.0

145.4161.2

174.8181.4

142.2148.6157.3165.2

172. 1177.4180.4182.5

21.523.1

23.823.4

21.121.923.223.0

24.123.623.423.5

22.025.6

25.723.0

21.322.826.324.9

27.224.222.823.3

-.6-2.5

-1.8.4

2-ilo-3.2-1.8

-3.1-.5

.6

.2

12.415.0

16.417.6

12.512.214.315.8

16.416.317.318.0

7.88.2

8.28.4

7.87.88.18.4

8.38.28.48.5

32.639.8

43.043.2

30.534.837.442.2

42.943.042.843.7

34.748.0

48.641.0

31.937.545.750.3

51.845.440.042.0

-2.0-8.2

-5.62.2

-1.4-2.7-8.3-8.2

-8.9-2.3

2.81.7

5.25.6

5.65.8

5.25.35.55.6

5.65.75.85.8

1 National income is the total net income earned in production by individuals and businesses. The conceptof national income currently used differs from the concept of gross national product in that it excludes de-preciation charges and other allowances for business and institutional consumption of durable capital goods,and indirect business taxes.





NOTE.—The figures beginning with 1948 are based on the revised series of national income and productof the Department of Commerce. For detail, see the National Income Supplement to the Survey of Cur-rent Business, 1951.



172


January 1952



Period

1929 -

193019311932 --19331934 _

19351936 .1937193g _.1939

19401941 _1942 -1943 .1944

1945 _ _194(3194719481949 _ _

19501951 _

1951- First halfSecond half

1952- First half •

1951* First quarterSecond quarter _ _ _ _ _Third quarterFourth quarter.

1952: First quarter _Second quarter 5 _ _ _

Totalna-

tionalin-

come1

87.4

75.058.941.739.648.6

56.864.773.667.472.5

81.3103.8137.1169.7183.8

182.7180.3198.7223.5216.3

239.2277.6

Com-pen-


50.8

46.539.530.829.334.1

37.142.747.744.747.8

51.864.384.9

109.2121.2

123.0117.1128.0140.2139.9

153.4178.9


valuationadjustment

Total

8.3

7.05.33.22.94.3

5.06.16.66.36.8

7.79.6

12.615.017.2

18.720.619.822.121.6

23.726.2

In-come


8.1

6.34.72.93.44.3

5.06.26.76.16.9

7.810.212.915.117.2

18.822.421.322.521.0

24.926.6


just-ment

0.1

.8

.6

.3-.5-.1

-.1

'^-.2

-.1-.6-.4-.2-.1

-.1-1.8-1.5-.4

.6

-1.2A

In-come

offarmpro-prie-tors

5.7

3.92.91.72.32.3

4.93.95.64.44.5

4.96.9

10.511.811.8

12.514.815.617.712.8

13.315.6

Rent-al in-come

ofper-sons

5.8

4.83.62.52.02.1

2.32.73.13.33.5

3.64.35.46.16.5

6.36.67.17.57.7

8.28.9


valuationadjustment

Total

10.3

6.61.6

-2.0-2.0

1.1

3.04.96.24.35.8

9.214.619.924.324.0

19.218.324.731.729.2

34.841.6

Cor-porateprofitsbeforetax a

9.8

3.3-.8

-3.0.2

1.7

3.25.76.23.36.5

9.317.221.125.124.3

19.723.530.533.827.1

39.642.9


just-ment

0.5

3.32.41.0

-2.1-.6

9-!7(4)1.0-.7

i-2^6-1.2-.8-.3

-.6-5.2-5.8-2.1

2.1

-4.8-1.3

Netin-

terest

6.5

6.25.95.45.04.8

4.54.54.44.34.2

4.14.13.93.43.1

3.02.93.54.35.0

5.86.4


272.2282.9

287.4

269.6274.8280.2285.6

«287.2287.5

175.6182.2

186.5

172.9178.2181.0183.4

186.5186.5

26.126.3

27.4

26.226.026.026.6

27.327.6

27.625.6

27.4

29.026.225.225.9

27.527.2

-1.5.8

.1

-2.8-.2

.8

.7

o'.4

14.816.4

15.0

15.114.415.817.0

15.414.6

8.59.2

9.4

8.58.59.19.4

9.49.4

41.042.2

42.2

40.741.241.942.5

•41. 942.5

46.739.0

41.2

50.143.338.639.5

»42.040.5

-5.83.1

1.0

-9.4-2.1

3.23.0

i2.'o

6.46.6

6.8

6.36.46.56.6

6.76.9



See appendix table B-32 for corporate tax liability (Federal and State income and excess profits taxes)and corporate profits after tax.

* Less than 50 million dollars.s Estimates based on incomplete data; corporate profits and total national income for first quarter and all

items for second quarter by Council of Economic Advisers.

NOTE.—The figures beginning with 1949 are based on the revised series of national income and product ofthe Department of Commerce. For detail, see the Survey of Current Business, July 1952.




Midyear Report 1952



Period

1929 -

193019311932 --19331934 _

19351936 .1937193g _.1939

19401941 _1942 -1943 .1944

1945 _ _194(3194719481949 _ _

19501951 _

1951- First halfSecond half

1952- First half •

1951* First quarterSecond quarter _ _ _ _ _Third quarterFourth quarter.

1952: First quarter _Second quarter 5 _ _ _

Totalna-

tionalin-

come1

87.4

75.058.941.739.648.6

56.864.773.667.472.5

81.3103.8137.1169.7183.8

182.7180.3198.7223.5216.3

239.2277.6

Com-pen-


50.8

46.539.530.829.334.1

37.142.747.744.747.8

51.864.384.9

109.2121.2

123.0117.1128.0140.2139.9

153.4178.9


valuationadjustment

Total

8.3

7.05.33.22.94.3

5.06.16.66.36.8

7.79.6

12.615.017.2

18.720.619.822.121.6

23.726.2

In-come


8.1

6.34.72.93.44.3

5.06.26.76.16.9

7.810.212.915.117.2

18.822.421.322.521.0

24.926.6


just-ment

0.1

.8

.6

.3-.5-.1

-.1

'^-.2

-.1-.6-.4-.2-.1

-.1-1.8-1.5-.4

.6

-1.2A

In-come

offarmpro-prie-tors

5.7

3.92.91.72.32.3

4.93.95.64.44.5

4.96.9

10.511.811.8

12.514.815.617.712.8

13.315.6

Rent-al in-come

ofper-sons

5.8

4.83.62.52.02.1

2.32.73.13.33.5

3.64.35.46.16.5

6.36.67.17.57.7

8.28.9


valuationadjustment

Total

10.3

6.61.6

-2.0-2.0

1.1

3.04.96.24.35.8

9.214.619.924.324.0

19.218.324.731.729.2

34.841.6

Cor-porateprofitsbeforetax a

9.8

3.3-.8

-3.0.2

1.7

3.25.76.23.36.5

9.317.221.125.124.3

19.723.530.533.827.1

39.642.9


just-ment

0.5

3.32.41.0

-2.1-.6

9-!7(4)1.0-.7

i-2^6-1.2-.8-.3

-.6-5.2-5.8-2.1

2.1

-4.8-1.3

Netin-

terest

6.5

6.25.95.45.04.8

4.54.54.44.34.2

4.14.13.93.43.1

3.02.93.54.35.0

5.86.4


272.2282.9

287.4

269.6274.8280.2285.6

«287.2287.5

175.6182.2

186.5

172.9178.2181.0183.4

186.5186.5

26.126.3

27.4

26.226.026.026.6

27.327.6

27.625.6

27.4

29.026.225.225.9

27.527.2

-1.5.8

.1

-2.8-.2

.8

.7

o'.4

14.816.4

15.0

15.114.415.817.0

15.414.6

8.59.2

9.4

8.58.59.19.4

9.49.4

41.042.2

42.2

40.741.241.942.5

•41. 942.5

46.739.0

41.2

50.143.338.639.5

»42.040.5

-5.83.1

1.0

-9.4-2.1

3.23.0

i2.'o

6.46.6

6.8

6.36.46.56.6

6.76.9



See appendix table B-32 for corporate tax liability (Federal and State income and excess profits taxes)and corporate profits after tax.

* Less than 50 million dollars.s Estimates based on incomplete data; corporate profits and total national income for first quarter and all

items for second quarter by Council of Economic Advisers.

NOTE.—The figures beginning with 1949 are based on the revised series of national income and product ofthe Department of Commerce. For detail, see the Survey of Current Business, July 1952.




Midyear Report 1952



Period

1929 _ . - .

19301931 _19321933 .-.1934

19351936193719381939 . _ _ _ _ _ _

1940194119421943 .1944

19451946 . - _ -194719481949

195019511952«

1950: First halfSecond half. _ _ _ .


1952: First halfSecond half 8

1950: First quarter _Second quarterThird quarter. .Fourth quarter

1951: First quarter __Second quarterThird quarterFourth quarter

1952: First quarterSecond quarterThird quarterFourth quarter 5

Totalna-

tionalin-

come1

87.4

75.058.941.739.648.6

56.864.773.667.472.5

81.3103.8137.1169.7183.8

182.7180. 3198.7223.5216.3

239.2277.6291.2

Com-pen-


50.8

46.539.530.829.334.1

37.142.747.744.747.8

51.864.384.9

109.2121.2

123. 0117.1128.0140.2139.9

153.4178.9190.3


valuationadjustment

Total

8.3

7.05.33.22.94.3

5.06.16.66.36.8

7.79.6

12.615.017.2

18.720.619.822.121.6

23.726.227.7

In-come


8.1

6.34.72.93.44.3

5.06.26.76.16.9

7.810.212.915.117.2

18.822.421.322.521.0

24.926.627.7


just-ment

0.1

.8

.6

.3

-!i-.1-.1(4).2

-.21

-.6-.4-.2-.1

-.1-1.8-1.5-.4

.6

-1.2-.4(4)

In-come

offarmpro-prie-tors

5.7

3.92.91.72.32.3

4.93.95.64.44.5

4.96.9

10.511.811.8

12.514.815.617.712.8

13.315.615.2

Rent-al in-come

ofper-sons

5.8

4.83.62.52.02.1

2.32.73.13.33.5

3.64.35.46.16.5

6.36.67.17.57.7

8.28.99.7


valuationadjustment

Total

10.3

6.61.6

-2.0-2.0

1.1

3.04.96.24.35.8

9.214.619.924.324.0

19.218.324.731.729.2

34.841.641.4

Cor-porateprofitsbeforetax 3

9.8

3.3-.8

-3.0.2

1.7

3.25.76.23.36.5

9.317.221.125.124.3

19.723.530.533.827.1

39.642.940.8


just-ment

0.5

3.32.41.0

-2.1-.6

2-.7(4)1.0-.7

-.1-2.6-1.2-.8-.3

-.6-5.2-5.8-2.1

2.1

-4.8-1.3

.6

Netin-

terest

6.5

6.25.95.45.04.8

4.54.54.44.34.2

4.14.13.93.43.1

3.02.93.54.35.0

5.86.47.0


225. 1253.3

272.2282.9

287.4295.0

218.9231.3247.2259.4

269.6274.8280.2285.6

288.0286.9

5289.5300.5

145.4161.4

175.6182.2

186.7193.9

142.0148. 71 57. 4165.4

172.9178.2181.0183.4

186.5186.9190.3197.5

22.624.6

26.126.3

27.428.0

22.123.224.624.7

26.226.026.026.6

27.327.627.528.5

23.026.8

27.625.6

27.428.0

22.323.726.726.9

29.026.225.225.9

27.527.327.428.5

-.4-2.2

-1.5.8

(4)(*)

-.2-.5

-2.1-2.2

-2.8-.2

.8

.72

.'3

.1(4)

12.314.4

14.816.4

15.115.2

12.412.213.914.8

15.114.415.817.0

15.414.815.215.3

8.08.4

8.59.2

9.49.9

8.07.98.38.5

8.58.59.19.4

9.49.59.8

10.0

31.238.4

41.042.2

42.040.8

28.833.537.039.8

40.741.241.942.5

42.741.2

539.642.0

32.846.4

46.739.0

41.140.5

30.235.544.348.4

50.143.338.639.5

42.739.5

839.042.0

-1.7-7.9

-5.83.1

.8

.3

-1.4-2.0-7.2-8.6

-9.4-2.1

3.23.0

-.11.7.6

(4)

5.66.0

6.46.6

6.87.2

5.55.75.96.2

6.36.46.56.6

6.76.97.17.2

1 National income is the total net income earned in production. It differs from gross national productin that it excludes depreciation charges and other allowances for business and institutional consumptionof durable capital goods, and indirect business taxes.



* Less than 50 million dollars.8 Estimates based on incomplete data; corporate profits and total national income for third quarter and

all items for fourth quarter by Council of Economic Advisers.NOTE.—Detail will not necessarily add to totals because of rounding.Source: Department of Commerce (except as noted).

171


1953

TABLE G-7.—National income by distributive shares, 1929-53

[Billions of dollars!

Period

1929 _.

19301931 __1932 . .--19331934

1935 _1936 __193719381939

1940 _1941.. _194219431944 _

1945 . -.1946194719481949

1950 ..195119521953 • -


1953: First halfSecond half 6. .

1952* First quarterSecond quarterThird quarterFourth quarter

1953: First quarterSecond quarterThird quarterFourth quarter *

Totalna-

tionalin-

come1

87.4

75.058.941.739.648.6

56.864.773.667.472.5

81.3103.8137.1169.7183.8

182.7180.3198.7223.5216.3

240.6278.4291.6

(7)

Com-pen-


50.8

46.539.530.829.334.1

37.142.747.74.7

47.8

51.864.384.9

109.2121.2

123.0117.1128.0140.2139.9

153.4178.9193.2207.7


valuationadjustment

Total

8.3

7.05.33.22.94.3

5.06.16.66.36.8

7.79.6

12.615.017.2

18.720.619.822.121.6

23.626.126.327.0

In-come


8.1

6.34.72.93.44.3

5.06.26.76.16.9

7.810.212.915.117.2

18.822.421.322.521.0

24.926.526.127.2


just-ment

0.1

.8

.6

.3-.5-.1

-.1-.1(6).2

-.2

-.1-.0-.4-.2-.1__ j

-1.8-1.5-.4

.6

-1.2-.4

.3-.2

In-come

offarmpro-prie-tors 3

5.7

3.92.91.72.32.3

4.93.95.64.44.5

4.96.9

10.511.811.8

12.514.815.617.712.8

13.315.514.812.3

Rent-al in-come

ofper-sons

5.8

4.83.62.52.02.1

2.32.73.13.33.5

3.64.35.46.16.5

6.36.67.17.57.7

8.59.1

10.010.6


valuationadjustment

Total

10.3

6.61.6

-2.0-2.0

1.1

3.04.96.24.35.8

9.214.619.924.324.0

19.218.324.731.729.2

36.042.440.2

(T)

Cor-porateprofitsbeforetaxes «

9.8

3.3-.8

-3.0.2

1.7

3.25.76.23.36.5

9.317.221.125.124.3

19.723.530.533.827.1

41.043.739.2(7)


just-ment

0.5

3.32.41.0

-2.1-.6

-.2

7s')71.0-.7

-.1-2.6-1.2-.8-.3

-.6-5.2-5.8-2.1

2.1

-5.0-1.3

1.0-.8

Netin-

terest

6.5

6.25.95.45.04.8

4.54.54.44.34.2

4.14.13.93.43.1

3.02.93.54.35.0

5.76.47.07.8


287.4295.9

308.7(7)

286.8287.9290.4301.4

306.7310.7308.1

(7)

188.7197. 7

206.3209.2

187.9189.5194.1201.3

204.5208.0210.4207.9

26.226.4

27.026.9

26.126.326.126.7

27.027.026.926.9

26.126.0

27.227.2

26.326.026.026.0

27.327.127.826.5

0.1.4

-.2

-.2+.3

tt-.3

1-.9

.4

15.014.6

12.911.8

14.715.315.214.0

13.412.311.612.0

9.810.3

10.410.7

9.610.010.210.3

10.410.410.610.8

40.839.7

44.5(7)

41.739.937.741.7

43.845.240.70

39.838.6

45.2(7)

41.538.237.040.3

44.645.943.3(')

1.01.0

-.7-.8

.21.7.7

1.4

-.8-.6

-2.61.0

6.87.3

7.78.0

6.76.97.17.4

7.67.77.98.1

1 National income is the total net income earned in production. It differs from gross national productin that it excludes depreciation charges and other allowances for business and institutional consumptionof durable capital goods, and indirect business taxes.

2 Includes wage and salary receipts and other labor income (see appendix table G-9), and employer andemployee contributions for social insurance (see appendix table Q-8).

3 Data are subject to revisions already reflected in appendix table G-14.4 See appendix table G-44 for corporate tax liability 5(Federal and State income and excess profits taxes)

and corporate profits after taxes.* Less than 50 million dollars.

• Estimates based on incomplete data; fourth quarter by Council of Economic Advisers.7 Not available.NOTE.—Detail will not necessarily add to totals because of rounding.


174


1954

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