Appendix A
Statistical Tables Relating to the Nation's
Economic Budget
CONTENTS
Page
A-l. The Nation's Economic Budget, calendar years 1950 and 1951
157
A-2. Consumer account, calendar years 1950 and 1951
158
A-3. Business account, calendar years 1950 and 1951
158
A-4. International account, calendar years 1950 and 1951
159
A—5. Government account (Federal, State, and local), calendar years 1950 and
1951. .
160
A-6. Federal cash receipts from the public other than borrowing, calendar years
1950 and 1951
161
A-7. Federal cash payments to the public by function, calendar years 1950 and
1951
161
A-8. Federal cash payments to the public by type of recipient and transaction,
calendar years 1950 and 1951
162
153
The Nation' s Economic Budge t
The Nation's Economic Budget provides a comprehensive view of national
economic activity by major economic groups: consumers, business, govern-
ment, and "international." The receipts and expenditures of these groups
and the net addition to or absorption of saving for the calendar year 1950
and the first and second halves of 1951 are shown in table A-l.
Column 1 indicates the major flow of receipts or income. Receipts are
divided into two categories: income from current production and receipts
of transfers and interest. The total of incomes from current production
(shown in roman type and adjusted for the statistical discrepancy between
total receipts and expenditures) equals current output, or the gross national
product.
Expenditures for current output and government transfer payments are
shown in column 2. The gross national product comprises only the expendi-
tures for current output. Government expenditures for goods and services
(i. e., expenditures for current output) plus government transfer payments
equal government cash payments.
Government cash transfers, on the expenditures side in column 2, are
shown as receipts by consumers and by foreign countries and international
institutions in column 1. The sum of these transfer receipts is approxi-
mately equal to govern