Gross
government investmentGovernment
consumption expendituresPrivateGovernmentGeneral
governmentGovernment
enterprisesEmployerPersonalTo
personsTo
foreignersPrivateGovernmentGeneral
governmentGovernment
enterprises| NIPA components; new or changed component titles are in boldface | Changes in NIPA components based on the illustrative example in the text | |
| Account 1.—National Income and Product Account | ||
| Personal consumption expenditures | ||
| Gross private domestic investment | ||
| Net exports of goods and services | ||
| Government consumption and investment expenditures | 75 | Services of general government fixed assets |
| Gross
government investment | 100 | Gross government investment |
| Government
consumption expenditures | -25 | Services of general government fixed assets (75) less gross government investment (100) |
| GROSS DOMESTIC PRODUCT | 75 | Services of general government fixed assets |
| Compensation of employees | ||
| Proprietors' income with inventory valuation and capital consumption adjustments | ||
| Rental income of persons with capital consumption adjustment | ||
| Corporate profits with inventory valuation and capital consumption adjustments | ||
| Net interest | ||
| National income | ||
| Business transfer payments | ||
| Indirect business tax and nontax liability | ||
| Less: Subsidies less current surplus of government enterprises | 15 | Current surplus decreased by government enterprise CFC |
| Consumption of fixed capital | 90 | Total government CFC |
| Private |
||
| Government |
90 | Total government CFC |
| General
government | 75 | General government CFC |
| Government
enterprises | 15 | Government enterprise CFC |
| Gross national income | 75 | General government CFC |
| Statistical discrepancy | ||
| Gross national product | 75 | General government CFC |
| Less: Receipts of factor income from the rest of the world | ||
| Plus: Payments of factor income to the rest of the world | ||
| GROSS DOMESTIC PRODUCT | 75 | Services of general government fixed assets |
| Account 3.—Government Receipts and Current Expenditures Account | ||
| Corporate profits tax liability | ||
| Indirect business tax and nontax liability | ||
| Contributions for social insurance | ||
| Employer |
||
| Personal |
||
| GOVERNMENT RECEIPTS | ||
| Government consumption expenditures | -25 | Services of general government fixed assets (75) less gross government investment (100) |
| Transfer payments | ||
| To
persons | ||
| To
foreigners | ||
| Net interest paid | ||
| Less: Dividends received by government | ||
| Subsidies less current surplus of government enterprises | 15 | Current surplus decreased by government enterprise CFC |
| Less: Wage accruals less disbursements | ||
| Government current expenditures | -10 | Sum of previous items |
| Government current surplus or deficit (-), national income and product accounts | 10 | Increased by reduction in government current expenditures |
| GOVERNMENT CURRENT EXPENDITURES AND CURRENT SURPLUS | Sum of two preceding items | |
| Account 5.—Gross Saving and Investment Account | ||
| Personal saving | ||
| Wage accruals less disbursements | ||
| Undistributed corporate profits with inventory valuation and capital consumption adjustments | ||
| Consumption of fixed capital | 90 | Total government CFC |
| Private |
||
| Government |
90 | Total government CFC |
| General
government | 75 | General government CFC |
| Government
enterprises | 15 | Government enterprise CFC |
| Government current surplus or deficit (-), national income and product accounts | 10 | Increased by removal from expenditures of gross government investment (100) and reduced by addition to expenditures of services of general government fixed assets (75) and government enterprise CFC (15) |
| Capital grants received by the United States (net) | ||
| Statistical discrepancy | ||
| GROSS SAVING AND STATISTICAL DISCREPANCY | 100 | Total government CFC (90) plus government current surplus (10) |
| Gross private domestic investment | ||
| Gross government investment | 100 | Gross government investment |
| Net foreign investment | ||
| GROSS INVESTMENT | 100 | Gross government investment |
CFC Consumption of fixed capital
