Table 1.—Changes to NIPA Summary Accounts

NIPA components; new or changed component titles are in boldfaceChanges 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 expenditures75Services of general government fixed assets
Gross government investment100Gross government investment
Government consumption expenditures-25 Services of general government fixed assets (75) less gross government investment (100)
GROSS DOMESTIC PRODUCT 75Services 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 enterprises15Current surplus decreased by government enterprise CFC
Consumption of fixed capital90Total government CFC
Private
Government 90Total government CFC
General government75General government CFC
Government enterprises15Government enterprise CFC
Gross national income75General government CFC
Statistical discrepancy
Gross national product75General 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 PRODUCT75Services 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-25Services 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 enterprises15Current surplus decreased by government enterprise CFC
Less: Wage accruals less disbursements
Government current expenditures-10Sum of previous items
Government current surplus or deficit (-), national income and product accounts10Increased by reduction in government current expenditures
GOVERNMENT CURRENT EXPENDITURES AND CURRENT SURPLUSSum 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 capital90Total government CFC
Private
Government 90Total government CFC
General government75General government CFC
Government enterprises15Government enterprise CFC
Government current surplus or deficit (-), national income and product accounts10Increased 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 DISCREPANCY100Total government CFC (90) plus government current surplus (10)
Gross private domestic investment
Gross government investment100Gross government investment
Net foreign investment
GROSS INVESTMENT100Gross government investment

CFC Consumption of fixed capital