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Survey of Current Business

Reliability and accuracy of the quarterly estimates of GDP

Reliability and accuracy of the quarterly estimates of GDP – gross domestic product Allan H. Young This Article examines the record of revisions in the quarterly estimates of gross domestic product (GDP) for 1978-91 in order to gain insights into the reliability and accuracy of the estimates in the national income and product accounts NIPA’s). […]

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Survey of Current Business

Comparison of BEA estimates of personal income and IRS estimates of adjusted gross income

Comparison of BEA estimates of personal income and IRS estimates of adjusted gross income Mark A. Ledbetter New Estimates for 2004 Revised Estimates for 2003 THE Bureau of Economic Analysis (BEA) annually publishes a comparison of BEA’s measure of personal income and the Internal Revenue Service (IRS) measure of adjusted gross income (AGI); both are […]

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Survey of Current Business

BEA current and historical data: national, international, and regional data – Bureau of Economic Analysis

BEA current and historical data: national, international, and regional data – Bureau of Economic Analysis – Illustration This section presents an extensive selection of economic statistics prepared by the Bureau of Economic Analysis (BEA) and a brief selection of collateral statistics prepared by other Government agencies and private organizations. Series that originate in Government agencies […]

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Survey of Current Business

Economic theory and BEA’s alternative quantity and price indexes

Economic theory and BEA’s alternative quantity and price indexes – Bureau of Economic Analysis Jack E. Triplett IN THIS issue, BEA is introducing new, alternative price and quantity indexes for the major components of the national income and product accounts (see “Alternative Measures of Change in Real Output and Prices” on page 32). This article […]

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Survey of Current Business

The business situation

The business situation – 4th quarter, 1986 the BUSINESS SITUATION THE pace of U.S. production picked up in the first quarter of 1987. Real GNP increased at an annual rate of 4 1/2 percent, following an increase of 1 percent in the fourth quarter of 1986 (chart 1).1 1. Quarterly estimates in the national income […]

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Survey of Current Business

International Data – foreign trade

International Data – foreign trade – Statistical Data Included F. Transactions Tables Table F.1 includes the most recent estimates of U.S. international trade in goods and services; the estimates were released on February 21, 2001 and include “preliminary” estimates for December 2000 and “revised” estimates for November 2000. The sources for the other tables in […]

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Survey of Current Business

Information technology and productivity: the case of the financial sector

Information technology and productivity: the case of the financial sector Lawrence R. Klein Economists agree that technology, and particularly information technology, is important in raising productivity growth in the U.S. economy. Measuring the magnitude and extent of the impact of information technology on the U.S. economy and on specific industries continues to be an area […]

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Survey of Current Business

U.S. international transactions, revised estimates for 1974-96

U.S. international transactions, revised estimates for 1974-96 Christopher L. Bach As customary each June, the estimates of U.S. international transactions have been revised to incorporate methodological and statistical revisions. This year, like last year, a number of improvements have been implemented as part of a multiyear effort by the Bureau of Economic Analysis (BEA) to […]

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Survey of Current Business

Advance estimates for the first quarter of 2003 – Business situation

Advance estimates for the first quarter of 2003 – Business situation – national income and product accounts ACCORDING to the “advance” estimates of the national income and product accounts (NIPA’s), U.S. production continued to grow slowly in the first quarter of 2003, growth of disposable income decelerated, and inflation stepped up. * Real gross domestic […]

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Survey of Current Business

International Data – Illustration

International Data – Illustration – Statistical Data Included F. Transactions Tables Table F.1 includes the most recent estimates of U.S. international trade in goods and services; the estimates were released on November 21, 2000 and include “preliminary” estimates for September 2000 and “revised” estimates for August 2000. The sources for the other tables in this […]