Accession Number:

AD0781254

Title:

Preliminary Forecasts of U. S. GNP, Potential GNP and Potential Government Expenditures.

Descriptive Note:

Final technical note,

Corporate Author:

STANFORD RESEARCH INST ARLINGTON VA STRATEGIC STUDIES CENTER

Personal Author(s):

• Bear,D. V. T.

Report Date:

1973-10-01

Pagination or Media Count:

156.0

Abstract:

The report describes the Lewis-Norman-Russell macroeconomic growth model of the U.S. economy and presents the economic theory underlying its construction and use. It interprets the results of a set of simulations that use this model over the period 1973-1985 to forecast a GNP, b potential GNP, defined as GNP achievable under nominal full or 96 employment, c the level of government expenditures needed to achieve full employment and d the GNP and level of government expenditures achievable under various assumptions reflecting urgency responses to a hypothetical national emergency. Author

Descriptors:

• *Economic models
• *United States
• Mathematical prediction
• Employment
• Federal budgets
• Commerce
• Market research
• Hybrid simulation
• Money
• Curve fitting
• Graphics
• Statistical analysis

Subject Categories:

• Economics and Cost Analysis

Distribution Statement:

APPROVED FOR PUBLIC RELEASE