Table A.—Summary National Income and Product Accounts, 1996

[Billions of dollars]

Line Line
Account 1.—National Income and Product Account
1 Compensation of employees 4,426.9 36 Personal consumption expenditures (2-3) 5,207.6
2 Wage and salary accruals 3,633.6 37 Durable goods 634.5
3 Disbursements (2-7) 3,632.5 38 Nondurable goods 1,534.7
4 Wage accruals less disbursements (3-8 and 5-5) 1.1 39 Services 3,038.4
5 Supplements to wages and salaries 793.3
6 Employer contributions for social insurance (3-16) 385.7 40 Gross private domestic investment (5-1) 1,116.5
7 Other labor income (2-8) 407.6 41 Fixed investment 1,090.7
42 Nonresidential 781.4
8 Proprietors' income with inventory valuation and capital consumption 520.3 43 Structures 215.2
adjustments (2-9). 44 Producers' durable equipment 566.2
45 Residential 309.2
9 Rental income of persons with capital consumption adjustment 146.3 46 Change in business inventories 25.9
(2-10).
47 Net exports of goods and services -94.8
10 Corporate profits with inventory valuation and capital consumption 735.9 48 Exports (4-1) 870.9
adjustments. 49 Imports (4-4) 965.7
11 Corporate profits with inventory valuation adjustment 674.1
12 Profits before tax 676.6 50 Government consumption expenditures and gross investment (3-1 1,406.7
13 Profits tax liability (3-13) 229.0 and 5-2).
14 Profits after tax 447.6 51 Federal 520.0
15 Dividends (2-12) 304.8 52 National defense 352.8
16 Undistributed profits 142.8 53 Nondefense 167.3
17 Inventory valuation adjustment -2.5 54 State and local 886.7
18 Capital consumption adjustment 61.8
19 Net interest (2-15) 425.1
20 National income 6,254.5
21 Business transfer payments 33.6
22 To persons (2-19) 26.0
23 To the rest of the world (4-9) 7.6
24 Indirect business tax and nontax liability (3-14) 604.8
25 Less: Subsidies less current surplus of government enterprises (3-7) 25.4
26 Consumption of fixed capital (5-7) 830.1
27 Private (5-8) 682.7
28 Government (5-9) 147.4
29 General government (5-10) 125.1
30 Government enterprises (5-11) 22.3
31 Gross national income 7,697.6
32 Less: Receipts of factor income from the rest of the world (4-2) 234.3
33 Plus: Payments of factor income to the rest of the world (4-5) 232.6
34 Gross domestic income 7,695.9
35 Statistical discrepancy (5-14) -59.9
GROSS DOMESTIC PRODUCT 7,636.0 GROSS DOMESTIC PRODUCT 7,636.0
Account 2.—Personal Income and Outlay Account
1 Personal tax and nontax payments (3-12) 886.9 7 Wage and salary disbursements (1-3) 3,632.5
2 Personal outlays 5,368.8 8 Other labor income (1-7) 407.6
3 Personal consumption expenditures (1-36) 5,207.6
4 Interest paid by persons (2-17) 145.2 9 Proprietors' income with inventory valuation and capital consumption 520.3
5 Personal transfer payments to the rest of the world (net) (4-7) 15.9 adjustments (1-8).
6 Personal saving (5-4) 239.6 10 Rental income of persons with capital consumption adjustment (1-9) 146.3
11 Personal dividend income 291.2
12 Dividends (1-15) 304.8
13 Less: Dividends received by government (3-6) 13.6
14 Personal interest income 735.7
15 Net interest (1-19) 425.1
16 Net interest paid by government (3-5) 165.4
17 Interest paid by persons (2-4) 145.2
18 Transfer payments to persons 1,068.0
19 From business (1-22) 26.0
20 From government (3-3) 1,042.0
21 Less: Personal contributions for social insurance (3-17) 306.3
PERSONAL TAXES, OUTLAYS, AND SAVING 6,495.2 PERSONAL INCOME 6,495.2
Account 3.—Government Receipts and Expenditures Account
1 Consumption expenditures (1-50) 1,182.4 12 Personal tax and nontax payments (2-1) 886.9
2 Transfer payments 1,058.3 13 Corporate profits tax liability (1-13) 229.0
3 To persons (2-20) 1,042.0
4 To the rest of the world (net) (4-8) 16.3 14 Indirect business tax and nontax liability (1-24) 604.8
5 Net interest paid (2-16) 165.4 15 Contributions for social insurance 692.0
16 Employer (1-6) 385.7
6 Less: Dividends received by government (2-13) 13.6 17 Personal (2-21) 306.3
7 Subsidies less current surplus of government enterprises (1-25) 25.4
8 Less: Wage accruals less disbursements (1-4) 0
9 Current surplus or deficit (-), national income and product accounts (5-12) -5.1
10 Federal -110.5
11 State and local 105.3
GOVERNMENT CURRENT EXPENDITURES AND SURPLUS 2,412.7 GOVERNMENT RECEIPTS 2,412.7
Account 4.—Foreign Transactions Account
1 Exports of goods and services (1-48) 870.9 4 Imports of goods and services (1-49) 965.7
2 Receipts of factor income (1-32) 234.3 5 Payments of factor income (1-33) 232.6
3 Capital grants received by the United States (net) (5-13) 0 6 Transfer payments to the rest of the world (net) 39.8
7 From persons (net) (2-5) 15.9
8 From government (net) (3-4) 16.3
9 From business (1-23) 7.6
10 Net foreign investment (5-3) -132.9
RECEIPTS FROM THE REST OF THE WORLD 1,105.1 PAYMENTS TO THE REST OF THE WORLD 1,105.1
Account 5.—Gross Saving and Investment Account
1 Gross private domestic investment (1-40) 1,116.5 4 Personal saving (2-6) 239.6
2 Gross government investment (1-50) 224.3 5 Wage accruals less disbursements (private) (1-4) 1.1
3 Net foreign investment (4-10) -132.9 6 Undistributed corporate profits with inventory valuation and capital consumption adjustments 202.1
7 Consumption of fixed capital (1-26) 830.1
8 Private (1-27) 682.7
9 Government (1-28) 147.4
10 General government (1-29) 125.1
11 Government enterprises (1-30) 22.3
12 Government current surplus or deficit (-), national income and product accounts (3-9) -5.1
13 Capital grants received by the United States (net) (4-3) 0
14 Statistical discrepancy (1-35) -59.9
GROSS INVESTMENT 1,207.9 GROSS SAVING AND STATISTICAL DISCREPANCY 1,207.9

NOTE.—Numbers in parentheses indicate accounts and items of counterentry in the accounts. For example, line 3 of account 1 is shown as "Disbursements (2-7)"; the counterentry is shown in account 2, line 7.