Bureau of Economic Analysis
	Survey of Current Business Table of Contents  November 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.)

BEA has prepared a satellite account that is designed to facilitate analysis of the role of research and development (R&D) in the U.S. economy. In the R&D satellite account, R&D expenditures are treated as a form of investment, and the resulting investment flows are used to estimate stocks of R&D fixed intangible capital. The stock of R&D capital grew rapidly during 1953�, slowed sharply during 1970�, and then grew somewhat more rapidly. Adding the constant-cost net stock of R&D fixed capital to the NIPA constant cost net stock of fixed reproducible tangible capital would have raised the net wealth of government and business by nearly 9 percent in 1992.

Regular features

1 Business Situation (PDF)

Real GDP increased 3.9 percent in the third quarter of 1994, about the same increase as in the second quarter. Corporate profits increased $10.7 billion, considerably less than in the second quarter, when profits had rebounded from the effects of the Northridge, California, earthquake. The Federal Government deficit increased $10.0 billion, to $155.1 billion, and the State and local government surplus decreased $2.9 billion, to $24.1 billion.

Reports and statistical presentations

12 Selected NIPA Tables

31  NIPA Charts

33 Reconciliation and Other Special Tables

34 Errata