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 : OCT 1973

Pagination or Media Count : 156

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