in

Period

TABLE G-7.-National income by distributive shares, 1929–53

Total

na

tional

[Billions of dollars)

come

ploy-
ees 2

come ven- pro

of tory prie

ven- terest

Total unin- valu- tors

sons

corpo- ation

tory

ation

rated ad

before

ad

enter- just

taxes

just

prises ment

ment

1 National income is the total net income earned in production. It differs from gross national product in that it excludes depreciation charges and other allowances for business and institutional consumption of durable capital goods, and indirect business taxes.

Includes wage and salary receipts and other labor income (see appendix table G-9), and employer and employee contributions for social insurance (see appendix table G-8).

Data are subject to revisions already reflected in appendix table G-14.

See appendix table G-44 for corporate tax liability (Federal and State income and excess profits taxes) and corporate profits after taxes.

'Less than 50 million dollars.

Estimates based on incomplete data; fourth quarter by Council of Economic Advisers. 'Not available.

NOTE.-Detail will not necessarily add to totals because of rounding.

Source: Department of Commerce (except as noted).

TABLE G-8.-Relation of national income and personal income, 1929–53

1 Estimates based on incomplete data; fourth quarter by Council of Economic Advisers.
Not available.

NOTE.-Detail will not necessarily add to totals because of rounding.
Source: Department of Commerce (except as noted).

The total of wage and salary receipts and other labor income differs from compensation of employees in ap. pendix table G-7 in that it excludes employer and employee contributions for social insurance and includes the excess of wage disbursements over wage accruals. Other labor income consists of compensation for injuries, employer contributions to private pension and welfare funds, pay of military reservists, directors' fees, jury and witness fees, compensation of prison inmates, Government payments to enemy prisoners of war, marriage fees to justices of the peace, and merchant marine war-risk life and injury claims.

* Contributions of self-employed persons for social insurance, which became effective in January 1952, have been excluded in 1952 and 1953. Therefore, these totals will differ from total proprietors' and rental income included in appendix table G-7.

Data are subject to revisions already reflected in appendix table G-14.

4 Nonagricultural income is personal income exclusive of net income of unincorporated farm enterprises, farm wages, agricultural net rents, agricultural net interest, and net dividends paid by agricultural corporations. Estimates based on incomplete data; fourth quarter by Council of Economic Advisers.

NOTE.-Detail will not necessarily add to totals because of rounding.

Source: Department of Commerce (except as noted).

1 Estimates based on incomplete data; fourth quarter by Council of Economic Advisers.

NOTE.-Detail will not necessarily add to totals because of rounding.
Source: Department of Commerce (except as noted).

Table G-11.—Total and per capita disposable personal income in current and 1953 prices, 1929–53

1 Dollar estimates in current prices divided by an over-all implicit price index for personal consumption expenditures.

i Population of continental United States including armed forces overseas. Annual data are as of July 1; quarterly and semiannual data as of middle of period.

Estimates based on incomplete data; fourth quarter by Council of Economic Advisers.

NOTE.-Detail will not necessarily add to totals because of rounding.

Source: Department of Commerce (except as noted).