GDP and the Economy: Preliminary Estimates for the First Quarter of 2007
Real GDP increased 0.6 percent after increasing 2.5 percent, reflecting an upturn in imports, downturns in exports and Federal Government spending, and a deceleration in consumer spending for nondurable goods.

Government Receipts and Expenditures: Estimates for the First Quarter of 2007
Net government saving decreased $32.4 billion to –$171.6 billion. Net Federal Government saving decreased $13.0 billion to –$133.7 billion. Net state and local government saving decreased $19.5 billion to –$37.9 billion.

U.S. Travel and Tourism Satellite Accounts for 1998–2006
The travel and tourism industry grew for the fifth consecutive year in 2006, according to the most recent estimates. The updated estimates reflect several methodological improvements, such as the inclusion of vacation rental homes.

A Proposal To Include Motor Vehicle Services in the U.S. Travel and Tourism Satellite Accounts
Motor vehicles are widely used in the United States for travel and tourism. However, in keeping with international guidelines, the travel and tourism accounts do not include most motor vehicle services. Accounting for such services would require several changes to the current accounts.

Foreign Direct Investment in the United States: New Investment in 2006
Outlays for foreign investors to acquire or establish U.S. businesses increased $70.1 billion to $161.5 billion, coinciding with faster economic growth in the United States and several major investing countries.

Health Care Studies From the 2007 ASSA Meetings
This special section includes four papers on timely health care accounting issues that were discussed in a BEA-organized session at the Allied Social Sciences Association meetings in January. Summaries of other studies that deal with cost measurements by disease are also included.

• The Cost of Health Care Services
• Measuring Medical Care Productivity: A Proposal for U.S. National Health Accounts
• Medicare Part D and Prescription Drug Prices
• A Different Application for Productivity Measures, or Has the Difficulty of Measuring Physician Productivity Caused the Federal Deficit To Be Misestimated?
• Measuring the Output of Health Care in the United States

Subject Guide for January–June 2006
The guide lists the articles and other information published in these issues of the Survey.