TABLE A-2.-Comparison of various projections of growth in the demand for gross national product through 1975 together with actuals, 1950, through 1st quarter 1954-Continued 1 Current prices. 1 January 1954 prices. FOOTNOTES FOR TABLE A-1 AND TABLE A-2 Report of the Joint Committee on the Economic Report on the January 1954 Economic Report of the President, with Supplemental Views and The Economic Outlook and other materials prepared by the committee staff. Markets After the Defense Expansion, U. S. Department of Commerce. $ 1951 prices. The American Economy in 1960, by Gerhard Colm, National Planning Association, Planning Panphlets, No. 81. ↑ Resources for Freedom (Paley report), President's Materials Policy Commission, 1952. Dollar amounts estimated by the staff of the Joint Committee on the Economic Report, from the percentage changes given in the Paley report and, therefore, the dollar amounts are in 1950 prices. The data on labor force, employment, unemployment, and hours of work given in these tables are not strictly comparable for the years shown because of the shift by the Bureau of the Census to new population controls within the last year. Furthermore, in the case of hours of work there may be some lack of com parability because of this treatment ofthose with a job but not at work. The data given here are in the form in which it is believed they were publicly available at the time the various studies were made. Comparison of the effects of the price assumptions in the various projections on the estimates of gross national product It will be noted that both the Commerce and the National Planning Association models are based upon 1951 prices; the staff model is based upon January 1954 prices; the Paley report is based upon 1950 prices; and the historical data reflect current prices of each period. As a rough guide, the following calculations would indicate for the total gross national product the effects of a uniform price level throughout at the average of 1953: This is $10 billion less than the $535 billion used elsewhere in this report as the estimate for 1965. This reduction has been made to eliminate the allowance for increased compensation of Government employees which has been assumed in this study but which is not allowed for in the constant dollar projections of other studies to which comparisons are made in this table. APPENDIX B SUPPORTING TABLES The tables which follow provide the historical and supporting data for the text and for the charts. TABLE B-1.-Estimated population of the United States, including Armed Forces overseas, by age and sex, number of households, and persons per household, actuals July 1, 1900-1953, projection July 1, 1965 Table B-1.-Estimated population of the United States, including Armed Forces overseas, by age and sex, number of households, and persons per household, actuais July 1, 1900-1953, projection July 1, 1965-Continued |