Bureau of Economic Analysis
	Survey of Current Business Table of Contents  April 1994

Selected articles may be accessed by clicking on the links below. (An Acrobat (PDF) version of the table of contents is also available; however, links to other files will work only when you use Acrobat Reader 4.0.)

Special in this issue

BEA has designed a new set of accounts to provide a statistical picture for analysis of the interaction of the economy and the environment. The new accounts extend the definition of capital in BEA抯 existing accounts to cover natural and environmental resources. They would supplement, not replace, the existing accounts.

50 Accounting for Mineral Resources: Issues and BEA抯 Initial Estimates (PDF)

Mineral resources, when estimated as part of the supplemental accounts described in the companion article summarized above, add between 3 and 7 percent (depending on the valuation method) to the Nation抯 private stock of capital. From 1958 to 1991, in current dollars, additions to the stock more than offset depletion; in constant dollars, additions about offset depletion. Factoring mineral resources into measures of income and capital stock lowers the average rate of return in the mineral industry from 23 percent to between 4 and 5 percent.

The U.S. input-output (I-O) accounts present a detailed picture of how industries interact梡roviding input to, and taking output from, each other梩o produce GDP. In preparing the 1987 benchmark I-O accounts, BEA developed a set of abbreviated procedures to speed up completion, and it initiated some improvements in the tables.

Regular features

1 Business Situation (PDF)

U.S. economic activity slowed in the first quarter of 1994. Real GDP increased 2.6 percent, down from a 7.0-percent increase in the fourth quarter of 1993. At 2.3 percent, inflation remained moderate. In 1993, corporate profits increased $59.4 billion, up from a $37.7 billion increase in 1992.

In the fourth quarter of 1993, personal income picked up, as farm income rebounded from a third-quarter drop that was due to floods in the Midwest, drought in the Southeast, and reduced subsidy payments. For the year 1993, per capita personal income in 42 States increased faster than prices.

127 Local Area Personal Income: Estimates for 1990� and Revisions to the Estimates for 1981� (PDF)

Estimates of personal income and per capita personal income for counties and metropolitan areas have been revised to incorporate newly available source data and changes in the definitions of county-based metropolitan areas.

Reports and statistical presentations

10 Selected NIPA Tables (PDF)

29 NIPA Charts (PDF)

31 Selected Monthly Estimates (PDF)

C-1 Data tables

C-6 Footnotes for pages C-1 through C-5

C-7 Charts

C-28 Business cycle expansions and contractions

C-29 Cyclical leads and lags for selected indicators

C-30 Titles and sources of series

Inside back cover: BEA Information (PDF)

(A listing of recent BEA publications available from GPO)

A new section presents monthly estimates for personal income, the disposition of personal income, and U.S. international transactions in goods and services. The three tables in this section, which will appear each month, are on pages 31�.

The "Current Business Statistics" section has been discontinued. The list of sources for these series, which was published in last month抯 SURVEY, is reprinted beginning on page S-1 of this issue.