Table 1.--Real Gross Domestic Product and Related Measures: Percent Change From Preceding Period
                                                             [Quarters seasonally adjusted at annual rates]
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                       2000   2001   2002   2003  IV 00   I 01  II 01 III 01  IV 01   I 02  II 02 III 02  IV 02   I 03  II 03 III 03  IV 03   I 04  II 04
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------
       Gross domestic product (GDP).

Personal consumption expenditures...
  Durable goods.....................
  Nondurable goods..................
  Services..........................

Gross private domestic investment...
  Fixed investment..................
    Nonresidential..................
      Structures....................
      Equipment and software........
    Residential.....................
  Change in private inventories.....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....

Net exports of goods and services...  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....
  Exports...........................
    Goods...........................
    Services........................
  Imports...........................
    Goods...........................
    Services........................

Government consumption expenditures
 and gross investment...............
  Federal...........................
    National defense................
    Nondefense......................
  State and local...................

Addenda:
  Final sales of domestic product...
  Gross domestic purchases..........
  Final sales to domestic
   purchasers.......................
  Gross national product (GNP)......
  Disposable personal income........

  Current-dollar measures:
    GDP.............................
    Final sales of domestic product.
    Gross domestic purchases........
    Final sales to domestic
     purchasers.....................
    GNP.............................
    Disposable personal income......
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------
  See "Explanatory Note" at the end of the tables.

                                Table 1A.--Real Gross Domestic Product and Related Measures: Percent Change From Preceding Period
                                                          [Quarters seasonally adjusted at annual rates]
------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                       2000   2001   2002   2003  IV 00   I 01  II 01 III 01  IV 01   I 02  II 02 III 02  IV 02   I 03  II 03 III 03  IV 03   I 04
------------------------------------------------------------------------------------------------------------------------------------------------------------------
       Gross domestic product (GDP).
         Previously published.......

Personal consumption expenditures...
  Previously published..............
  Durable goods.....................
    Previously published............
  Nondurable goods..................
    Previously published............
  Services..........................
    Previously published............

Gross private domestic investment...
  Previously published..............
  Fixed investment..................
    Previously published............
    Nonresidential..................
      Previously published..........
      Structures....................
        Previously published........
      Equipment and software........
        Previously published........
    Residential.....................
      Previously published..........
  Change in private inventories.....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....

Net exports of goods and services...  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....
  Exports...........................
    Previously published............
    Goods...........................
      Previously published..........
    Services........................
      Previously published..........
  Imports...........................
    Previously published............
    Goods...........................
      Previously published..........
    Services........................
      Previously published..........

Government consumption expenditures
 and gross investment...............
   Previously published.............
  Federal...........................
    Previously published............
    National defense................
      Previously published..........
    Nondefense......................
      Previously published..........
  State and local...................
    Previously published............

Addenda:
  Final sales of domestic product...
    Previously published............
  Gross domestic purchases..........
    Previously published............
  Final sales to domestic
   purchasers.......................
     Previously published...........
  Gross national product (GNP)......
    Previously published............
  Disposable personal income........
    Previously published............

  Current-dollar measures:
    GDP.............................
      Previously published..........
    Final sales of domestic product.
      Previously published..........
    Gross domestic purchases........
      Previously published..........
    Final sales to domestic
     purchasers.....................
       Previously published.........
    GNP.............................
      Previously published..........
    Disposable personal income......
      Previously published..........
------------------------------------------------------------------------------------------------------------------------------------------------------------------
  See "Explanatory Note" at the end of the tables.

       Table 1B.--Revisions to Current-Dollar Gross Domestic Product, National Income, and Disposition of Personal Income
---------------------------------------------------------------------------------------------------------------------------------
                                                               Billions of dollars
                                             ------------------------      ------------------------           Revisions as
                                                      Revised                   Revisions to                   percent of
                                                     estimates                   previously                    previously
                                                                                 published                     published
                                             ------------------------      ------------------------      ------------------------
                                             2001      2002      2003      2001      2002      2003      2001      2002      2003
---------------------------------------------------------------------------------------------------------------------------------

    Gross domestic product (GDP).......

Personal consumption expenditures......
  Durable goods........................
  Nondurable goods.....................
  Services.............................

Gross private domestic investment......
  Fixed investment.....................
    Nonresidential.....................
      Structures.......................
      Equipment and software...........
    Residential........................
  Change in private inventories........

Net exports of goods and services......
  Exports..............................
    Goods..............................
    Services...........................
  Imports..............................
    Goods..............................
    Services...........................

Government consumption expenditures
 and gross investment..................
  Federal..............................
    National defense...................
    Nondefense.........................
  State and local......................

Relation of GDP and National Income

Gross domestic product.................

Plus: Income receipts
 from the rest of the world............
Less: Income payments to
 the rest of the world.................

Equals: Gross national product.........

Less: Consumption of fixed capital.....
Less: Statistical discrepancy..........

Equals: National income................
  Compensation of employees............
    Wage and salary accruals...........
    Supplements to wages and
     salaries..........................
  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 and miscellaneous
   payments............................
  Taxes on production and imports
   less subsidies......................
  Business current transfer payments...
  Current surplus of government
   enterprises.........................

  Disposition of personal income

Personal income........................

  Compensation of employees,
   received............................
    Wage and salary disbursements......
    Supplements to wages and
     salaries..........................
  Proprietors' income with
   inventory valuation and capital
   consumption adjustments.............
    Farm...............................
    Nonfarm............................
  Rental income of persons with
   capital consumption adjustment......
  Personal income receipts on assets...
    Personal interest income...........
    Personal dividend income...........
  Personal current transfer
   receipts............................

  Less: Contributions for government
   social insurance....................

Less: Personal current taxes...........

Equals: Disposable personal income.....

Less: Personal outlays.................

Equals: Personal saving................

  Personal saving as a percentage
   of disposable personal income.......

Addenda:
Statistical discrepancy as a
 percentage of GDP.....................
Gross domestic income..................
---------------------------------------------------------------------------------------------------------------------------------

                                                Table 2.--Contributions to Percent Change in Real Gross Domestic Product
                                                             [Quarters seasonally adjusted at annual rates]
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                       2000   2001   2002   2003  IV 00   I 01  II 01 III 01  IV 01   I 02  II 02 III 02  IV 02   I 03  II 03 III 03  IV 03   I 04  II 04
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Percent change at annual rate:

    Gross domestic product..........

Percentage points at annual rates:

  Personal consumption expenditures.

    Durable goods...................
      Motor vehicles and parts......
      Furniture and household
       equipment....................
      Other.........................

    Nondurable goods................
      Food..........................
      Clothing and shoes............
      Gasoline, fuel oil, and other
       energy goods.................
      Other.........................

    Services........................
      Housing.......................
      Household operation...........
        Electricity and gas.........
        Other household operation...
      Transportation................
      Medical care..................
      Recreation....................
      Other.........................

  Gross private domestic investment.

    Fixed investment................
      Nonresidential................
        Structures..................
        Equipment and software......
          Information processing
           equipment and software...
            Computers and peripheral
             equipment..............
            Software................
            Other...................
          Industrial equipment......
          Transportation equipment..
          Other equipment...........
      Residential...................

    Change in private inventories...
      Farm..........................
      Nonfarm.......................

  Net exports of goods and services.

    Exports.........................
      Goods.........................
      Services......................

    Imports.........................
      Goods.........................
      Services......................

  Government consumption expenditures
   and gross investment.............

    Federal.........................
      National defense..............
        Consumption expenditures....
        Gross investment............
      Nondefense....................
       Consumption expenditures.....
       Gross investment.............

    State and local.................
        Consumption expenditures....
        Gross investment............

Addenda:
    Goods...........................
    Services........................
    Structures......................
    Motor vehicle output............
    Final sales of computers........
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------
  See "Explanatory Note" at the end of the tables.

                                             Table 2A.--Contributions to Percent Change in Real Gross Domestic Produc
                                                          [Quarters seasonally adjusted at annual rates]
------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                       2000   2001   2002   2003  IV 00   I 01  II 01 III 01  IV 01   I 02  II 02 III 02  IV 02   I 03  II 03 III 03  IV 03   I 04
------------------------------------------------------------------------------------------------------------------------------------------------------------------
Percent change at annual rate:

    Gross domestic product..........
      Previously published..........

Percentage points at annual rates:

  Personal consumption expenditures.
    Previously published............

    Durable goods...................
      Previously published..........
      Motor vehicles and parts......
        Previously published........
      Furniture and household
       equipment....................
         Previously published.......
      Other.........................
        Previously published........

    Nondurable goods................
      Previously published..........
      Food..........................
        Previously published........
      Clothing and shoes............
        Previously published........
      Gasoline, fuel oil, and other
       energy goods.................
         Previously published.......
      Other.........................
        Previously published........

    Services........................
      Previously published..........
      Housing.......................
        Previously published........
      Household operation...........
        Previously published........
        Electricity and gas.........
          Previously published......
        Other household operation...
          Previously published......
      Transportation................
        Previously published........
      Medical care..................
        Previously published........
      Recreation....................
        Previously published........
      Other.........................
        Previously published........

  Gross private domestic investment.
    Previously published............

    Fixed investment................
      Previously published..........
      Nonresidential................
        Previously published........
        Structures..................
          Previously published......
        Equipment and software......
          Previously published......
          Information processing
           equipment and software...
             Previously published...
            Computers and peripheral
             equipment..............
               Previously published.
            Software................
              Previously published..
            Other...................
              Previously published..
          Industrial equipment......
            Previously published....
          Transportation equipment..
            Previously published....
          Other equipment...........
            Previously published....
      Residential...................
        Previously published........

    Change in private inventories...
      Previously published..........
      Farm..........................
        Previously published........
      Nonfarm.......................
        Previously published........

  Net exports of goods and services.
    Previously published............

    Exports.........................
      Previously published..........
      Goods.........................
        Previously published........
      Services......................
        Previously published........

    Imports.........................
      Previously published..........
      Goods.........................
        Previously published........
      Services......................
        Previously published........

  Government consumption expenditures
   and gross investment.............
     Previously published...........

    Federal.........................
      Previously published..........
      National defense..............
        Previously published........
        Consumption expenditures....
          Previously published......
        Gross investment............
          Previously published......
      Nondefense....................
        Previously published........
        Consumption expenditures....
          Previously published......
        Gross investment............
          Previously published......

    State and local.................
      Previously published..........
        Consumption expenditures....
          Previously published......
        Gross investment............
          Previously published......

Addenda:
    Goods...........................
      Previously published..........
    Services........................
      Previously published..........
    Structures......................
      Previously published..........
    Motor vehicle output............
      Previously published..........
    Final sales of computers........
      Previously published..........
------------------------------------------------------------------------------------------------------------------------------------------------------------------
See "Explanatory Note" at the end of the tables.

                                    Table 3A.--Gross Domestic Product and Related Measures
                              [Billions of dollars; quarters seasonally adjusted at annual rates]
-------------------------------------------------------------------------------------------------------------------------------
                                          2000     2001     2002     2003     I 00    II 00   III 00    IV 00     I 01    II 01
-------------------------------------------------------------------------------------------------------------------------------
     Gross domestic product..........

Personal consumption expenditures....

  Durable goods......................
    Motor vehicles and parts.........
    Furniture and household
     equipment.......................
    Other............................

  Nondurable goods...................
    Food.............................
    Clothing and shoes...............
    Gasoline, fuel oil, and other
     energy goods....................
    Other............................

  Services...........................
    Housing..........................
    Household operation..............
      Electricity and gas............
      Other household operation......
    Transportation...................
    Medical care.....................
    Recreation.......................
    Other............................

Gross private domestic investment....

  Fixed investment...................
    Nonresidential...................
      Structures.....................
      Equipment and software.........
        Information processing
         equipment and software......
          Computers and peripheral
           equipment.................
          Software...................
          Other......................
        Industrial equipment.........
        Transportation equipment.....
        Other equipment..............
    Residential......................

  Change in private inventories......
    Farm.............................
    Nonfarm..........................

Net exports of goods and services....

  Exports............................
    Goods............................
    Services.........................

  Imports............................
    Goods............................
    Services.........................

Government consumption expenditures
 and gross investment................

  Federal............................
    National defense.................
      Consumption expenditures.......
      Gross investment...............
    Nondefense.......................
      Consumption expenditures.......
      Gross investment...............

  State and local....................
      Consumption expenditures.......
      Gross investment...............

Addenda:
  Final sales of domestic product....
  Gross domestic purchases...........
  Final sales to domestic purchasers.

  Gross domestic product.............
  Plus: Income receipts
   from the rest of the world........
  Less: Income payments to
   the rest of the world.............
  Equals: Gross national product.....

  Net domestic product...............
-------------------------------------------------------------------------------------------------------------------------------
  See "Explanatory Note" at the end of the tables.

                                        Table 3A.--Gross Domestic Product and Related Measures--Continued
                                       [Billions of dollars; quarters seasonally adjusted at annual rates]
-------------------------------------------------------------------------------------------------------------------------------------------------
                                        III 01    IV 01     I 02    II 02   III 02    IV 02     I 03    II 03   III 03    IV 03     I 04    II 04
-------------------------------------------------------------------------------------------------------------------------------------------------
     Gross domestic product..........

Personal consumption expenditures....

  Durable goods......................
    Motor vehicles and parts.........
    Furniture and household
     equipment.......................
    Other............................

  Nondurable goods...................
    Food.............................
    Clothing and shoes...............
    Gasoline, fuel oil, and other
     energy goods....................
    Other............................

  Services...........................
    Housing..........................
    Household operation..............
      Electricity and gas............
      Other household operation......
    Transportation...................
    Medical care.....................
    Recreation.......................
    Other............................

Gross private domestic investment....

  Fixed investment...................
    Nonresidential...................
      Structures.....................
      Equipment and software.........
        Information processing
         equipment and software......
          Computers and peripheral
           equipment.................
          Software...................
          Other......................
        Industrial equipment.........
        Transportation equipment.....
        Other equipment..............
    Residential......................

  Change in private inventories......
    Farm.............................
    Nonfarm..........................

Net exports of goods and services....

  Exports............................
    Goods............................
    Services.........................

  Imports............................
    Goods............................
    Services.........................

Government consumption expenditures
 and gross investment................

  Federal............................
    National defense.................
      Consumption expenditures.......
      Gross investment...............
    Nondefense.......................
      Consumption expenditures.......
      Gross investment...............

  State and local....................
      Consumption expenditures.......
      Gross investment...............

Addenda:
  Final sales of domestic product....
  Gross domestic purchases...........
  Final sales to domestic purchasers.

  Gross domestic product.............
  Plus: Income receipts
   from the rest of the world........
  Less: Income payments to
   the rest of the world.............
  Equals: Gross national product.....

  Net domestic product...............
-------------------------------------------------------------------------------------------------------------------------------------------------
  See "Explanatory Note" at the end of the tables.

                                  Table 3B.--Real Gross Domestic Product and Related Measures
                      [Billions of chained (2000) dollars; quarters seasonally adjusted at annual rates]
-------------------------------------------------------------------------------------------------------------------------------
                                          2000     2001     2002     2003     I 00    II 00   III 00    IV 00     I 01    II 01
-------------------------------------------------------------------------------------------------------------------------------
     Gross domestic product..........

Personal consumption expenditures....

  Durable goods......................
    Motor vehicles and parts.........
    Furniture and household
     equipment.......................
    Other............................

  Nondurable goods...................
    Food.............................
    Clothing and shoes...............
    Gasoline, fuel oil, and other
     energy goods....................
    Other............................

  Services...........................
    Housing..........................
    Household operation..............
      Electricity and gas............
      Other household operation......
    Transportation...................
    Medical care.....................
    Recreation.......................
    Other............................

Gross private domestic investment....

  Fixed investment...................
    Nonresidential...................
      Structures.....................
      Equipment and software.........
        Information processing
         equipment and software......
          Computers and peripheral
           equipment.................    .....    .....    .....    .....    .....    .....    .....    .....    .....    .....
          Software...................
          Other......................
        Industrial equipment.........
        Transportation equipment.....
        Other equipment..............
    Residential......................

  Change in private inventories......
    Farm.............................
    Nonfarm..........................

Net exports of goods and services....

  Exports............................
    Goods............................
    Services.........................

  Imports............................
    Goods............................
    Services.........................

Government consumption expenditures
 and gross investment................

  Federal............................
    National defense.................
      Consumption expenditures.......
      Gross investment...............
    Nondefense.......................
      Consumption expenditures.......
      Gross investment...............

  State and local....................
      Consumption expenditures.......
      Gross investment...............

Residual.............................

Addenda:
  Final sales of domestic product....
  Gross domestic purchases...........
  Final sales to domestic purchasers.

  Gross domestic product.............
  Plus: Income receipts
   from the rest of the world........
  Less: Income payments to
   the rest of the world.............
  Equals: Gross national product.....

  Net domestic product...............
-------------------------------------------------------------------------------------------------------------------------------
 Note. Users are cautioned that particularly for components
 that exhibit rapid change in prices relative to other prices in the
 economy, the chained-dollar estimates should not be used to measure
 the component's relative importance or its contribution to the
 growth rate of more aggregate series.  For accurate estimates of the
 contributions to percent changes in real gross domestic product, use table 2.
  See "Explanatory Note" at the end of the tables.

                                     Table 3B.--Real Gross Domestic Product and Related Measures--Continued
                               [Billions of chained (2000) dollars; quarters seasonally adjusted at annual rates]
-------------------------------------------------------------------------------------------------------------------------------------------------
                                        III 01    IV 01     I 02    II 02   III 02    IV 02     I 03    II 03   III 03    IV 03     I 04    II 04
-------------------------------------------------------------------------------------------------------------------------------------------------
     Gross domestic product..........

Personal consumption expenditures....

  Durable goods......................
    Motor vehicles and parts.........
    Furniture and household
     equipment.......................
    Other............................

  Nondurable goods...................
    Food.............................
    Clothing and shoes...............
    Gasoline, fuel oil, and other
     energy goods....................
    Other............................

  Services...........................
    Housing..........................
    Household operation..............
      Electricity and gas............
      Other household operation......
    Transportation...................
    Medical care.....................
    Recreation.......................
    Other............................

Gross private domestic investment....

  Fixed investment...................
    Nonresidential...................
      Structures.....................
      Equipment and software.........
        Information processing
         equipment and software......
          Computers and peripheral
           equipment.................    .....    .....    .....    .....    .....    .....    .....    .....    .....    .....    .....    .....
          Software...................
          Other......................
        Industrial equipment.........
        Transportation equipment.....
        Other equipment..............
    Residential......................

  Change in private inventories......
    Farm.............................
    Nonfarm..........................

Net exports of goods and services....

  Exports............................
    Goods............................
    Services.........................

  Imports............................
    Goods............................
    Services.........................

Government consumption expenditures
 and gross investment................

  Federal............................
    National defense.................
      Consumption expenditures.......
      Gross investment...............
    Nondefense.......................
      Consumption expenditures.......
      Gross investment...............

  State and local....................
      Consumption expenditures.......
      Gross investment...............

Residual.............................

Addenda:
  Final sales of domestic product....
  Gross domestic purchases...........
  Final sales to domestic purchasers.

  Gross domestic product.............
  Plus: Income receipts
   from the rest of the world........
  Less: Income payments to
   the rest of the world.............
  Equals: Gross national product.....

  Net domestic product...............
-------------------------------------------------------------------------------------------------------------------------------------------------
 Note. Users are cautioned that particularly for components
 that exhibit rapid change in prices relative to other prices in the
 economy, the chained-dollar estimates should not be used to measure
 the component's relative importance or its contribution to the
 growth rate of more aggregate series.  For accurate estimates of the
 contributions to percent changes in real gross domestic product, use table 2.
  See "Explanatory Note" at the end of the tables.

                              Table 4.--Price Indexes for Gross Domestic Product and Related Measures: Percent Change From Preceding Period
                                                             [Quarters seasonally adjusted at annual rates]
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                       2000   2001   2002   2003  IV 00   I 01  II 01 III 01  IV 01   I 02  II 02 III 02  IV 02   I 03  II 03 III 03  IV 03   I 04  II 04
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------
       Gross domestic product (GDP).

Personal consumption expenditures...
  Durable goods.....................
  Nondurable goods..................
  Services..........................

Gross private domestic investment...
  Fixed investment..................
    Nonresidential..................
      Structures....................
      Equipment and software........
    Residential.....................
  Change in private inventories.....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....

Net exports of goods and services...  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....
  Exports...........................
    Goods...........................
    Services........................
  Imports...........................
    Goods...........................
    Services........................

Government consumption expenditures
 and gross investment...............
  Federal...........................
    National defense................
    Nondefense......................
  State and local...................

Addenda:
  Final sales of domestic product...
  Gross domestic purchases..........
  Final sales to domestic
   purchasers.......................
  Gross national product (GNP)......

  Implicit price deflators:
    GDP.............................
    Gross domestic purchases........
    GNP.............................
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------
  See "Explanatory Note" at the end of the tables.

                          Table 4A.--Price Indexes for Gross Domestic Product and Related Measures: Percent Change From Preceding Period
                                                          [Quarters seasonally adjusted at annual rates]
------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                       2000   2001   2002   2003  IV 00   I 01  II 01 III 01  IV 01   I 02  II 02 III 02  IV 02   I 03  II 03 III 03  IV 03   I 04
------------------------------------------------------------------------------------------------------------------------------------------------------------------
       Gross domestic product (GDP).
         Previously published.......

Personal consumption expenditures...
  Previously published..............
  Durable goods.....................
    Previously published............
  Nondurable goods..................
    Previously published............
  Services..........................
    Previously published............

Gross private domestic investment...
  Previously published..............
  Fixed investment..................
    Previously published............
    Nonresidential..................
      Previously published..........
      Structures....................
        Previously published........
      Equipment and software........
        Previously published........
    Residential.....................
      Previously published..........
  Change in private inventories.....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....

Net exports of goods and services...  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....
  Exports...........................
    Previously published............
    Goods...........................
      Previously published..........
    Services........................
      Previously published..........
  Imports...........................
    Previously published............
    Goods...........................
      Previously published..........
    Services........................
      Previously published..........

Government consumption expenditures
 and gross investment...............
   Previously published.............
  Federal...........................
    Previously published............
    National defense................
      Previously published..........
    Nondefense......................
      Previously published..........
  State and local...................
    Previously published............

Addenda:
  Final sales of domestic product...
    Previously published............
  Gross domestic purchases..........
    Previously published............
  Final sales to domestic
   purchasers.......................
     Previously published...........
  Gross national product (GNP)......
    Previously published............

  Implicit price deflators:
    GDP.............................
      Previously published..........
    Gross domestic purchases........
      Previously published..........
    GNP.............................
      Previously published..........
------------------------------------------------------------------------------------------------------------------------------------------------------------------
See "Explanatory Note" at the end of the tables.

                                  Table 5.--Real Gross Domestic Product, Quantity Indexes
                                  [Index numbers, 2000=100; quarters seasonally adjusted]
---------------------------------------------------------------------------------------------------------------------------
                                               2000    2001    2002    2003    I 00   II 00  III 00   IV 00    I 01   II 01
---------------------------------------------------------------------------------------------------------------------------
        Gross domestic product.............

Personal consumption expenditures..........
  Durable goods............................
  Nondurable goods.........................
  Services.................................

Gross private domestic investment..........
  Fixed investment.........................
    Nonresidential.........................
      Structures...........................
      Equipment and software...............
    Residential............................
  Change in private inventories............   .....   .....   .....   .....   .....   .....   .....   .....   .....   .....

Exports of goods and services..............

Imports of goods and services..............

Government consumption expenditures and
 gross investment..........................
  Federal..................................
  State and local..........................

Addenda:
  Final sales of domestic product..........
  Gross domestic purchases.................
  Final sales to domestic purchasers.......
  Gross national product...................
---------------------------------------------------------------------------------------------------------------------------
  See "Explanatory Note" at the end of the tables.

                                    Table 5.--Real Gross Domestic Product, Quantity Indexes--Continued
                                          [Index numbers, 2000=100; quarters seasonally adjusted]
-------------------------------------------------------------------------------------------------------------------------------------------
                                             III 01   IV 01    I 02   II 02  III 02   IV 02    I 03   II 03  III 03   IV 03    I 04   II 04
-------------------------------------------------------------------------------------------------------------------------------------------
        Gross domestic product.............

Personal consumption expenditures..........
  Durable goods............................
  Nondurable goods.........................
  Services.................................

Gross private domestic investment..........
  Fixed investment.........................
    Nonresidential.........................
      Structures...........................
      Equipment and software...............
    Residential............................
  Change in private inventories............   .....   .....   .....   .....   .....   .....   .....   .....   .....   .....   .....   .....

Exports of goods and services..............

Imports of goods and services..............

Government consumption expenditures and
 gross investment..........................
  Federal..................................
  State and local..........................

Addenda:
  Final sales of domestic product..........
  Gross domestic purchases.................
  Final sales to domestic purchasers.......
  Gross national product...................
-------------------------------------------------------------------------------------------------------------------------------------------
  See "Explanatory Note" at the end of the tables.

                                    Table 6.--Price Indexes for Gross Domestic Product
                                  [Index numbers, 2000=100; quarters seasonally adjusted]
---------------------------------------------------------------------------------------------------------------------------
                                               2000    2001    2002    2003    I 00   II 00  III 00   IV 00    I 01   II 01
---------------------------------------------------------------------------------------------------------------------------
        Gross domestic product.............

Personal consumption expenditures..........
  Durable goods............................
  Nondurable goods.........................
  Services.................................

Gross private domestic investment..........
  Fixed investment.........................
    Nonresidential.........................
      Structures...........................
      Equipment and software...............
    Residential............................
  Change in private inventories............   .....   .....   .....   .....   .....   .....   .....   .....   .....   .....

Exports of goods and services..............

Imports of goods and services..............

Government consumption expenditures and
 gross investment..........................
  Federal..................................
  State and local..........................

Addenda:
  Final sales of domestic product..........
  Gross domestic purchases.................
  Final sales to domestic purchasers.......
  Gross national product...................

  Implicit price deflators:
    Gross domestic product.................
    Final sales of domestic product........
    Gross domestic purchases...............
    Final sales to domestic purchasers.....
    Gross national product.................
---------------------------------------------------------------------------------------------------------------------------
  See "Explanatory Note" at the end of the tables.

                                       Table 6.--Price Indexes for Gross Domestic Product--Continued
                                          [Index numbers, 2000=100; quarters seasonally adjusted]
-------------------------------------------------------------------------------------------------------------------------------------------
                                             III 01   IV 01    I 02   II 02  III 02   IV 02    I 03   II 03  III 03   IV 03    I 04   II 04
-------------------------------------------------------------------------------------------------------------------------------------------
        Gross domestic product.............

Personal consumption expenditures..........
  Durable goods............................
  Nondurable goods.........................
  Services.................................

Gross private domestic investment..........
  Fixed investment.........................
    Nonresidential.........................
      Structures...........................
      Equipment and software...............
    Residential............................
  Change in private inventories............   .....   .....   .....   .....   .....   .....   .....   .....   .....   .....   .....   .....

Exports of goods and services..............

Imports of goods and services..............

Government consumption expenditures and
 gross investment..........................
  Federal..................................
  State and local..........................

Addenda:
  Final sales of domestic product..........
  Gross domestic purchases.................
  Final sales to domestic purchasers.......
  Gross national product...................

  Implicit price deflators:
    Gross domestic product.................
    Final sales of domestic product........
    Gross domestic purchases...............
    Final sales to domestic purchasers.....
    Gross national product.................
-------------------------------------------------------------------------------------------------------------------------------------------
  See "Explanatory Note" at the end of the tables.

                                              Table 7.--Real Gross Domestic Product: Percent Change from Preceding Year
---------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                          1986   1987   1988   1989   1990   1991   1992   1993   1994   1995   1996   1997   1998   1999   2000   2001   2002   2003
---------------------------------------------------------------------------------------------------------------------------------------------------------------------
       Gross domestic product (GDP)....

Personal consumption expenditures......
  Durable goods........................
  Nondurable goods.....................
  Services.............................

Gross private domestic investment......
  Fixed investment.....................
    Nonresidential.....................
      Structures.......................
      Equipment and software...........
    Residential........................
  Change in private inventories........  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....

Net exports of goods and services......  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....
  Exports..............................
    Goods..............................
    Services...........................
  Imports..............................
    Goods..............................
    Services...........................

Government consumption expenditures
 and gross investment..................
  Federal..............................
    National defense...................
    Nondefense.........................
  State and local......................

Addenda:
  Final sales of domestic product......
  Gross domestic purchases.............
  Final sales to domestic purchasers...
  Gross national product...............
  Real disposable personal income......

  Price indexes:
    Gross domestic purchases...........
    Gross domestic purchases excluding
     food and energy...................
    GDP................................
    GDP excluding food and energy......
    Personal consumption expenditures..
---------------------------------------------------------------------------------------------------------------------------------------------------------------------

                                           Table 8.--Real Gross Domestic Product: Percent Change From Quarter One Year Ago
---------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                          I 00  II 00 III 00  IV 00   I 01  II 01 III 01  IV 01   I 02  II 02 III 02  IV 02   I 03  II 03 III 03  IV 03   I 04  II 04
---------------------------------------------------------------------------------------------------------------------------------------------------------------------
       Gross domestic product (GDP)....

Personal consumption expenditures......
  Durable goods........................
  Nondurable goods.....................
  Services.............................

Gross private domestic investment......
  Fixed investment.....................
    Nonresidential.....................
      Structures.......................
      Equipment and software...........
    Residential........................
  Change in private inventories........  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....

Net exports of goods and services......  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....  .....
  Exports..............................
    Goods..............................
    Services...........................
  Imports..............................
    Goods..............................
    Services...........................

Government consumption expenditures
 and gross investment..................
  Federal..............................
    National defense...................
    Nondefense.........................
  State and local......................

Addenda:
  Final sales of domestic product......
  Gross domestic purchases.............
  Final sales to domestic purchasers...
  Gross national product...............
  Real disposable personal income......

  Price indexes:
    Gross domestic purchases...........
    Gross domestic purchases excluding
     food and energy...................
    GDP................................
    GDP excluding food and energy......
    Personal consumption expenditures..
---------------------------------------------------------------------------------------------------------------------------------------------------------------------

                      Table 9.--Relation of Gross Domestic Product, Gross National Product, and National Income
                                 [Billions of dollars; quarters seasonally adjusted at annual rates]
-------------------------------------------------------------------------------------------------------------------------------------
                                                2000     2001     2002     2003     I 00    II 00   III 00    IV 00     I 01    II 01
-------------------------------------------------------------------------------------------------------------------------------------
Gross domestic product.....................

Plus: Income receipts from the rest of the
 world.....................................
Less: Income payments to the rest of the
 world.....................................

Equals: Gross national product.............

Less: Consumption of fixed capital.........
Less: Statistical discrepancy..............

Equals: National income....................
  Compensation of employees................
    Wage and salary accruals...............
    Supplements to wages and salaries......
  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 and miscellaneous payments..
  Taxes on production and imports less
   subsidies...............................
  Business current transfer payments.......
  Current surplus of government
   enterprises.............................

Addendum:
  Gross domestic income....................
-------------------------------------------------------------------------------------------------------------------------------------

                         Table 9.--Relation of Gross Domestic Product, Gross National Product, and National Income--Continued
                                          [Billions of dollars; quarters seasonally adjusted at annual rates]
-------------------------------------------------------------------------------------------------------------------------------------------------------
                                              III 01    IV 01     I 02    II 02   III 02    IV 02     I 03    II 03   III 03    IV 03     I 04    II 04
-------------------------------------------------------------------------------------------------------------------------------------------------------
Gross domestic product.....................

Plus: Income receipts from the rest of the
 world.....................................
Less: Income payments to the rest of the
 world.....................................

Equals: Gross national product.............

Less: Consumption of fixed capital.........
Less: Statistical discrepancy..............

Equals: National income....................
  Compensation of employees................
    Wage and salary accruals...............
    Supplements to wages and salaries......
  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 and miscellaneous payments..
  Taxes on production and imports less
   subsidies...............................
  Business current transfer payments.......
  Current surplus of government
   enterprises.............................

Addendum:
  Gross domestic income....................
-------------------------------------------------------------------------------------------------------------------------------------------------------

                                           Table 10.--Personal Income and Its Disposition
                                 [Billions of dollars; quarters seasonally adjusted at annual rates]
-------------------------------------------------------------------------------------------------------------------------------------
                                                2000     2001     2002     2003     I 00    II 00   III 00    IV 00     I 01    II 01
-------------------------------------------------------------------------------------------------------------------------------------
Personal income\1\.........................

  Compensation of employees, received......
    Wage and salary disbursements..........
    Supplements to wages and salaries......
  Proprietors' income with inventory
   valuation and capital consumption
   adjustments.............................
    Farm...................................
    Nonfarm................................
  Rental income of persons with capital
   consumption adjustment..................
  Personal income receipts on assets.......
    Personal interest income...............
    Personal dividend income...............
  Personal current transfer receipts.......

  Less: Contributions for government
   social insurance........................

Less: Personal current taxes...............

Equals: Disposable personal income.........

Less: Personal outlays.....................

Equals: Personal saving....................

  Personal saving as a percentage of
   disposable personal income..............

Addendum:
  Disposable personal income, billions of
   chained (2000) dollars\2\...............
-------------------------------------------------------------------------------------------------------------------------------------
  1. Personal income is also equal to national income less corporate
profits with inventory valuation and capital consumption adjustments,
taxes on production and imports less subsidies, contributions for
government social insurance, net interest and miscellaneous payments,
business current transfer payments, current surplus of government
enterprises, and wage accruals less disbursements, plus personal
income receipts on assets, and personal current transfer receipts.
  2. Equals disposable personal income deflated by the implicit price
deflator for personal consumption expenditures.

                                               Table 10.--Personal Income and Its Disposition--Continued
                                          [Billions of dollars; quarters seasonally adjusted at annual rates]
-------------------------------------------------------------------------------------------------------------------------------------------------------
                                              III 01    IV 01     I 02    II 02   III 02    IV 02     I 03    II 03   III 03    IV 03     I 04    II 04
-------------------------------------------------------------------------------------------------------------------------------------------------------
Personal income\1\.........................

  Compensation of employees, received......
    Wage and salary disbursements..........
    Supplements to wages and salaries......
  Proprietors' income with inventory
   valuation and capital consumption
   adjustments.............................
    Farm...................................
    Nonfarm................................
  Rental income of persons with capital
   consumption adjustment..................
  Personal income receipts on assets.......
    Personal interest income...............
    Personal dividend income...............
  Personal current transfer receipts.......

  Less: Contributions for government
   social insurance........................

Less: Personal current taxes...............

Equals: Disposable personal income.........

Less: Personal outlays.....................

Equals: Personal saving....................

  Personal saving as a percentage of
   disposable personal income..............

Addendum:
  Disposable personal income, billions of
   chained (2000) dollars\2\...............
-------------------------------------------------------------------------------------------------------------------------------------------------------
  1. Personal income is also equal to national income less corporate
profits with inventory valuation and capital consumption adjustments,
taxes on production and imports less subsidies, contributions for
government social insurance, net interest and miscellaneous payments,
business current transfer payments, current surplus of government
enterprises, and wage accruals less disbursements, plus personal
income receipts on assets, and personal current transfer receipts.
  2. Equals disposable personal income deflated by the implicit price
deflator for personal consumption expenditures.

                                                 Table 11A.--Corporate Profits
                                                     [Billions of dollars]
-------------------------------------------------------------------------------------------------------------------------------
                                          2000     2001     2002     2003     I 00    II 00   III 00    IV 00     I 01    II 01
-------------------------------------------------------------------------------------------------------------------------------
Corporate profits with inventory
 valuation and capital consumption
 adjustments.........................

Less: Taxes on corporate income......

Equals: Profits after tax with
 inventory valuation and capital
 consumption adjustments.............
  Net dividends......................
  Undistributed profits with
   inventory valuation and
   capital consumption
   adjustments.......................

Cash flow:
  Net cash flow with inventory
   valuation and capital
   consumption adjustments...........
    Undistributed profits with
     inventory valuation and
     capital consumption
     adjustments.....................
    Consumption of fixed capital.....

  Less: Inventory valuation
   adjustment........................

  Equals: Net cash flow..............

Addenda:
  Profits before tax (without
   inventory valuation and capital
   consumption adjustments)..........
  Profits after tax (without
   inventory valuation and capital
   consumption adjustments)..........
  Inventory valuation adjustment.....
  Capital consumption adjustment.....
-------------------------------------------------------------------------------------------------------------------------------

                                                Table 11A.--Corporate Profits--Continued
                                  [Billions of dollars; quarters seasonally adjusted at annual rates]
----------------------------------------------------------------------------------------------------------------------------------------
                                        III 01    IV 01     I 02    II 02   III 02    IV 02     I 03    II 03   III 03    IV 03     I 04
----------------------------------------------------------------------------------------------------------------------------------------
Corporate profits with inventory
 valuation and capital consumption
 adjustments.........................

Less: Taxes on corporate income......

Equals: Profits after tax with
 inventory valuation and capital
 consumption adjustments.............
  Net dividends......................
  Undistributed profits with
   inventory valuation and
   capital consumption
   adjustments.......................

Cash flow:
  Net cash flow with inventory
   valuation and capital
   consumption adjustments...........
    Undistributed profits with
     inventory valuation and
     capital consumption
     adjustments.....................
    Consumption of fixed capital.....

  Less: Inventory valuation
   adjustment........................

  Equals: Net cash flow..............

Addenda:
  Profits before tax (without
   inventory valuation and capital
   consumption adjustments)..........
  Profits after tax (without
   inventory valuation and capital
   consumption adjustments)..........
  Inventory valuation adjustment.....
  Capital consumption adjustment.....
----------------------------------------------------------------------------------------------------------------------------------------

                     Table 11B.--Corporate Profits: Percent Change From Preceding Period
                                              [Quarterly rates]
-------------------------------------------------------------------------------------------------------------
                                          2001     2002     2003    II 00   III 00    IV 00     I 01    II 01
-------------------------------------------------------------------------------------------------------------
Corporate profits with inventory
 valuation and capital consumption
 adjustments.........................

Less: Taxes on corporate income......

Equals: Profits after tax with
 inventory valuation and capital
 consumption adjustments.............
  Net dividends......................
  Undistributed profits with
   inventory valuation and
   capital consumption
   adjustments.......................

Cash flow:
  Net cash flow with inventory
   valuation and capital
   consumption adjustments...........
    Undistributed profits with
     inventory valuation and
     capital consumption
     adjustments.....................
    Consumption of fixed capital.....

  Less: Inventory valuation
   adjustment........................    .....    .....    .....    .....    .....    .....    .....    .....

  Equals: Net cash flow..............

Addenda:
  Profits before tax (without
   inventory valuation and capital
   consumption adjustments)..........
  Profits after tax (without
   inventory valuation and capital
   consumption adjustments)..........
  Inventory valuation adjustment.....    .....    .....    .....    .....    .....    .....    .....    .....
  Capital consumption adjustment.....
-------------------------------------------------------------------------------------------------------------

                             Table 11B.--Corporate Profits: Percent Change From Preceding Period--Continued
                                                           [Quarterly rates]
----------------------------------------------------------------------------------------------------------------------------------------
                                        III 01    IV 01     I 02    II 02   III 02    IV 02     I 03    II 03   III 03    IV 03     I 04
----------------------------------------------------------------------------------------------------------------------------------------
Corporate profits with inventory
 valuation and capital consumption
 adjustments.........................

Less: Taxes on corporate income......

Equals: Profits after tax with
 inventory valuation and capital
 consumption adjustments.............
  Net dividends......................
  Undistributed profits with
   inventory valuation and
   capital consumption
   adjustments.......................

Cash flow:
  Net cash flow with inventory
   valuation and capital
   consumption adjustments...........
    Undistributed profits with
     inventory valuation and
     capital consumption
     adjustments.....................
    Consumption of fixed capital.....

  Less: Inventory valuation
   adjustment........................    .....    .....    .....    .....    .....    .....    .....    .....    .....    .....    .....

  Equals: Net cash flow..............

Addenda:
  Profits before tax (without
   inventory valuation and capital
   consumption adjustments)..........
  Profits after tax (without
   inventory valuation and capital
   consumption adjustments)..........
  Inventory valuation adjustment.....    .....    .....    .....    .....    .....    .....    .....    .....    .....    .....    .....
  Capital consumption adjustment.....
----------------------------------------------------------------------------------------------------------------------------------------

                                 Table 12A.--Corporate Profits by Industry
                    [Billions of dollars; quarters seasonally adjusted at annual rates]
------------------------------------------------------------------------------------------------------------
                                         2000     2001     2002     2003     I 01    II 01   III 01    IV 01
------------------------------------------------------------------------------------------------------------
    Corporate profits with
     inventory valuation and
     capital consumption
     adjustments....................

Domestic industries.................
  Financial.........................
  Nonfinancial......................

Rest of the world...................
  Receipts from the rest of the
   world............................
  Less: Payments to the rest of the
   world............................

    Corporate profits with
     inventory valuation adjustment.

Domestic industries.................
  Financial.........................
    Federal Reserve banks...........
    Other financial.................

  Nonfinancial......................
    Utilities.......................
    Manufacturing...................
      Durable goods.................
        Fabricated metal products...
        Machinery...................
        Computer and electronic
         products...................
        Electrical equipment,
         appliances, and components.
        Motor vehicles, bodies and
         trailers, and parts........
        Other durable goods.........

      Nondurable goods..............
        Food and beverage and
         tobacco products...........
        Petroleum and coal products.
        Chemical products...........
        Other nondurable goods......

    Wholesale trade.................
    Retail trade....................
    Transportation and warehousing..
    Information.....................
    Other nonfinancial..............

Rest of the world...................
------------------------------------------------------------------------------------------------------------
 Note. Estimates in this table are based on the 1997 North
 American Industry Classification System (NAICS).

                                Table 12A.--Corporate Profits by Industry--Continued
                         [Billions of dollars; quarters seasonally adjusted at annual rates]
---------------------------------------------------------------------------------------------------------------------
                                         I 02    II 02   III 02    IV 02     I 03    II 03   III 03    IV 03     I 04
---------------------------------------------------------------------------------------------------------------------
    Corporate profits with
     inventory valuation and
     capital consumption
     adjustments....................

Domestic industries.................
  Financial.........................
  Nonfinancial......................

Rest of the world...................
  Receipts from the rest of the
   world............................
  Less: Payments to the rest of the
   world............................

    Corporate profits with
     inventory valuation adjustment.

Domestic industries.................
  Financial.........................
    Federal Reserve banks...........
    Other financial.................

  Nonfinancial......................
    Utilities.......................
    Manufacturing...................
      Durable goods.................
        Fabricated metal products...
        Machinery...................
        Computer and electronic
         products...................
        Electrical equipment,
         appliances, and components.
        Motor vehicles, bodies and
         trailers, and parts........
        Other durable goods.........

      Nondurable goods..............
        Food and beverage and
         tobacco products...........
        Petroleum and coal products.
        Chemical products...........
        Other nondurable goods......

    Wholesale trade.................
    Retail trade....................
    Transportation and warehousing..
    Information.....................
    Other nonfinancial..............

Rest of the world...................
---------------------------------------------------------------------------------------------------------------------
 Note. Estimates in this table are based on the 1997 North
 American Industry Classification System (NAICS).

                                   Table 12B.--Corporate Profits by Industry: Change From Preceding Period
                                                            [Billions of dollars]
---------------------------------------------------------------------------------------------------------------------------------------------
                                       2001   2002   2003  II 01 III 01  IV 01   I 02  II 02 III 02  IV 02   I 03  II 03 III 03  IV 03   I 04
---------------------------------------------------------------------------------------------------------------------------------------------
    Corporate profits with
     inventory valuation and
     capital consumption
     adjustments....................

Domestic industries.................
  Financial.........................
  Nonfinancial......................

Rest of the world...................
  Receipts from the rest of the
   world............................
  Less: Payments to the rest of the
   world............................

    Corporate profits with
     inventory valuation adjustment.

Domestic industries.................
  Financial.........................
    Federal Reserve banks...........
    Other financial.................

  Nonfinancial......................
    Utilities.......................
    Manufacturing...................
      Durable goods.................
        Fabricated metal products...
        Machinery...................
        Computer and electronic
         products...................
        Electrical equipment,
         appliances, and components.
        Motor vehicles, bodies and
         trailers, and parts........
        Other durable goods.........

      Nondurable goods..............
        Food and beverage and
         tobacco products...........
        Petroleum and coal products.
        Chemical products...........
        Other nondurable goods......

    Wholesale trade.................
    Retail trade....................
    Transportation and warehousing..
    Information.....................
    Other nonfinancial..............

Rest of the world...................
---------------------------------------------------------------------------------------------------------------------------------------------
 Note. Estimates in this table are based on the 1997 North
 American Industry Classification System (NAICS).

                                     Table 12C.--Revisions to Corporate Profits by Industry
---------------------------------------------------------------------------------------------------------------------------------
                                                               Billions of dollars
                                             ------------------------      ------------------------           Revisions as
                                                      Revised                   Revisions to                   percent of
                                                     estimates                   previously                    previously
                                                                                 published                     published
                                             ------------------------      ------------------------      ------------------------
                                             2001      2002      2003      2001      2002      2003      2001      2002      2003
---------------------------------------------------------------------------------------------------------------------------------
Corporate profits with
 inventory valuation and
 capital consumption
 adjustments...........................

  Domestic industries..................
    Financial..........................
    Nonfinancial.......................

  Rest of the world....................
    Receipts from the rest of the
     world.............................
    Less: Payments to the rest of the
     world.............................

Corporate profits with
 inventory valuation adjustment........

  Domestic industries..................
    Financial..........................
      Federal Reserve banks............
      Other financial..................

    Nonfinancial.......................
      Utilities........................
      Manufacturing....................
        Durable goods..................
        Nondurable goods...............

      Wholesale trade..................
      Retail trade.....................
      Transportation and warehousing...
      Information......................
      Other nonfinancial...............

  Rest of the world....................

Corporate profits before tax without
 inventory valuation and capital
 consumption adjustments...............

Addenda:
  Corporate profits after tax with
   inventory valuation and capital
   consumption adjustments.............

  Net cash flow with inventory
   valuation and capital
   consumption adjustments.............
    Undistributed profits with
     inventory valuation and
     capital consumption
     adjustments.......................
    Consumption of fixed capital.......

  Less: Inventory valuation
   adjustment..........................

  Equals: Net cash flow................
---------------------------------------------------------------------------------------------------------------------------------

                      Table 13.--Gross Value Added of Nonfinancial Domestic Corporate Business
                                   [Quarters seasonally adjusted at annual rates]
--------------------------------------------------------------------------------------------------------------------
                                                 2000     2001     2002     2003     I 01    II 01   III 01    IV 01
--------------------------------------------------------------------------------------------------------------------
                                                                      Billions of dollars
                                            ------------------------------------------------------------------------

    Gross value added of nonfinancial
     corporate business.....................

Consumption of fixed capital................

Net value added.............................

  Compensation of employees.................
    Wage and salary accruals................
    Supplements to wages and salaries.......
  Taxes on production and imports less
   subsidies................................
  Net operating surplus.....................
    Net interest and miscellaneous
     payments...............................
    Business current transfer payments......
    Corporate profits with inventory
     valuation and capital consumption
     adjustments............................
      Taxes on corporate income.............
      Profits after tax with inventory
       valuation and capital consumption
       adjustments..........................
        Net dividends.......................
        Undistributed profits with
         inventory valuation and capital
         consumption adjustments............

Addenda:
  Profits before tax (without inventory
   valuation and capital consumption
   adjustments).............................
  Profits after tax (without inventory
   valuation and capital consumption
   adjustments).............................
  Inventory valuation adjustment............
  Capital consumption adjustment............
                                            ------------------------------------------------------------------------
                                                               Billions of chained (2000) dollars
                                            ------------------------------------------------------------------------

    Gross value added of nonfinancial
     corporate business.....................

Consumption of fixed capital\1\.............
Net value added\2\..........................
                                            ------------------------------------------------------------------------
                                                                            Dollars
                                            ------------------------------------------------------------------------
Price, costs, and profits per unit of real
 gross value added of nonfinancial
 corporate business:

  Price per unit of real gross value added
   of nonfinancial corporate business\3\....

  Compensation of employees (unit labor
   cost)....................................

  Unit nonlabor cost........................
    Consumption of fixed capital............
    Taxes on production and imports less
     subsidies plus business current
     transfer payments......................
    Net interest and miscellaneous payments.

  Corporate profits with inventory valuation
   and capital consumption adjustments (unit
   profits from current production).........
    Taxes on corporate income...............
    Profits after tax with inventory
     valuation and capital consumption
     adjustments............................
--------------------------------------------------------------------------------------------------------------------
  1. Chained-dollar consumption of fixed capital of nonfinancial
corporate business is calculated as the product of the chain-type
quantity index and the 2000 current-dollar value of the corresponding
series, divided by 100.
  2. Chained-dollar net value added of nonfinancial corporate
business is the difference between the gross value added and the
consumption of fixed capital.
  3. The deflator for gross value added of nonfinancial corporate
business divided by 100.
Note.--Estimates in this table are based on the 1997 North
American Industry Classification System (NAICS).

                     Table 13.--Gross Value Added of Nonfinancial Domestic Corporate Business--Continued
                                       [Quarters seasonally adjusted at annual rates]
-----------------------------------------------------------------------------------------------------------------------------
                                                 I 02    II 02   III 02    IV 02     I 03    II 03   III 03    IV 03     I 04
-----------------------------------------------------------------------------------------------------------------------------
                                                                           Billions of dollars
                                            ---------------------------------------------------------------------------------

    Gross value added of nonfinancial
     corporate business.....................

Consumption of fixed capital................

Net value added.............................

  Compensation of employees.................
    Wage and salary accruals................
    Supplements to wages and salaries.......
  Taxes on production and imports less
   subsidies................................
  Net operating surplus.....................
    Net interest and miscellaneous
     payments...............................
    Business current transfer payments......
    Corporate profits with inventory
     valuation and capital consumption
     adjustments............................
      Taxes on corporate income.............
      Profits after tax with inventory
       valuation and capital consumption
       adjustments..........................
        Net dividends.......................
        Undistributed profits with
         inventory valuation and capital
         consumption adjustments............

Addenda:
  Profits before tax (without inventory
   valuation and capital consumption
   adjustments).............................
  Profits after tax (without inventory
   valuation and capital consumption
   adjustments).............................
  Inventory valuation adjustment............
  Capital consumption adjustment............
                                            ---------------------------------------------------------------------------------
                                                                   Billions of chained (2000) dollars
                                            ---------------------------------------------------------------------------------

    Gross value added of nonfinancial
     corporate business.....................

Consumption of fixed capital\1\.............
Net value added\2\..........................
                                            ---------------------------------------------------------------------------------
                                                                                 Dollars
                                            ---------------------------------------------------------------------------------
Price, costs, and profits per unit of real
 gross value added of nonfinancial
 corporate business:

  Price per unit of real gross value added
   of nonfinancial corporate business\3\....

  Compensation of employees (unit labor
   cost)....................................

  Unit nonlabor cost........................
    Consumption of fixed capital............
    Taxes on production and imports less
     subsidies plus business current
     transfer payments......................
    Net interest and miscellaneous payments.

  Corporate profits with inventory valuation
   and capital consumption adjustments (unit
   profits from current production).........
    Taxes on corporate income...............
    Profits after tax with inventory
     valuation and capital consumption
     adjustments............................
-----------------------------------------------------------------------------------------------------------------------------
  1. Chained-dollar consumption of fixed capital of nonfinancial
corporate business is calculated as the product of the chain-type
quantity index and the 2000 current-dollar value of the corresponding
series, divided by 100.
  2. Chained-dollar net value added of nonfinancial corporate
business is the difference between the gross value added and the
consumption of fixed capital.
  3. The deflator for gross value added of nonfinancial corporate
business divided by 100.
Note.--Estimates in this table are based on the 1997 North
American Industry Classification System (NAICS).

                      Appendix Table A.--Real Gross Domestic Product and Related Aggregates and Price Indexes: Percent Change From Preceding Period
                                                             [Quarters seasonally adjusted at annual rates]
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                       2000   2001   2002   2003  IV 00   I 01  II 01 III 01  IV 01   I 02  II 02 III 02  IV 02   I 03  II 03 III 03  IV 03   I 04  II 04
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Gross domestic product (GDP) and
 related aggregates:
  GDP...............................

  Goods.............................
  Services..........................
  Structures........................

  Motor vehicle output..............
  GDP excluding motor vehicle
   output...........................

  Final sales of computers\1\.......
  GDP excluding final sales of
   computers........................

  Farm gross value added\2\.........

  Nonfarm business gross value
   added\3\.........................

Price indexes:
  GDP...............................
  GDP excluding food and energy.....
  GDP excluding final sales of
   computers........................

  Gross domestic purchases..........
  Gross domestic purchases excluding
   food and energy..................
  Gross domestic purchases excluding
   final sales of computers to
   domestic purchasers..............

  Personal consumption expenditures.
  Personal consumption expenditures
   excluding food and energy........
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  1. For some components of final sales of computers, includes
computer parts.
  2. Farm output less intermediate goods and services purchased.
  3. Consists of GDP less gross value added of farm, of
households and institutions, and of general government.
  See "Explanatory Note" at the end of the tables.