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RATIO OF VALUE

THE RATIO OF VALUE OF IMPORTED PETROLEUM TO TOTAL BALANCE OF PAYMENTS
DEFICIT INCREASED TO THE HIGHEST POINT IN 1975 THEN DECLINED TO
APPROXIMATELY 1.3 IN 1977.

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Source:

Fig. 6.9. Ratio of Value of Imported Petroleum to Total
Balance of Payments Deficit, 1970-1977.

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International Moentary Fund, Balance of Payment Yearbook, Vol. 29,
May 1978, p. 23; U.S. Department of Commerce, Bureau of the
Census, Survey of Current Business, annual data.

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678,293 936,823 1,177,263 1,367,319 1,548,372 1,528,833 1,616,087 621,756 848,484 1,078,917 1,240,907 1,397,521 1,366,879 1,447,075 559,855 762,836 968,279 1,111,168 1,244,886 1,215,002 1,291,999 535,914 740,092 918,787 1,115,200 1,265,683 1,255,486 1,312,599 487,108 646,862 807,796 954,676 1,079,043 1,086,658 1,125,822

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"Deflated by the implicit GNP price deflator.

Source: U.S. Department of Commerce, Bureau of Economic Analysis, The National Income and Product Accounts of the United States, 1929-1974, Statistical Tables, Washington, D.C., 1976, pp. 22-3 and pp. 66-7; Survey of Current Business, 58, No. 7, Washington, D.C., July 1978, p. 29 and p. 35.

THE TOTAL NATIONAL INCOME HAS INCREASED 24% SINCE 1970. THE COMMUNICATION, ELECTRIC AND UTILITY, AND
SERVICE INDUSTRIES HAD A HIGHER TOTAL GROWTH (AROUND 30%). THE CONSTRUCTION, AGRICULTURE, AND
GOVERNMENT SECTORS ALL HAD LESS THAN 20% GROWTH IN THIS PERIOD. THEREFORE, THEIR RELATIVE SHARE OF
TOTAL INCOME DECREASED SLIGHTLY,

Table 6.13

National Income by Industry, 1950-1977
(106 1975 constant dollars)

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Source: U.S. Department of Commerce, Bureau of Economic Analysis, The National Income and Product Accounts of the United States, 1929-1974, Statistical Tables, Washington, D.C., 1976, pp. 188-89; Survey of Current Business, 58, No. 7, Washington, D.C., July 1978, p. 53.

THE PERCENT INCREASE IN WAGES AND SALARIES FOR THE TRANSPORTATION INDUSTRY SINCE 1970 HAS ONLY BEEN
ABOUT 78% THAT OF ALL INDUSTRIES. WAGES AND SALARIES DERIVED FROM RAIL, URBAN TRANSIT, AND MARINE
ACTIVITIES HAVE DECREASED SINCE 1970 WHILE TRUCKING, AIR, PIPELINE, AND TRANSPORTATION SERVICE HAVE
INCREASED.

Table 6.14

Wages and Salaries by Industry, 1950-1977 (106 1975 constant dollars)

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Source: U.S. Department of Commerce, Bureau of Economic Analysis, The National Income and Product Accounts of the United States, 1929-1974, Statistical Tables, Washington, D.C., 1976, pp. 200-1; Survey of Current Business, 58, No. 7, Washington, D.C., July 1978, p. 54.

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57

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TOTAL EMPLOYMENT IN THE TRANSPORTATION INDUSTRY HAS INCREASED SLIGHTLY (2.6%) SINCE 1970. THE HIGH
DECREASES IN RAIL (-15.6%) AND WATER (-10.1%) EMPLOYMENT WERE OFFSET SOMEWHAT BY A 35% INCREASE IN
EMPLOYMENT IN TRANSPORTATION SERVICES. EMPLOYEES INVOLVED DIRECTLY IN TRANSPORTATION COMPRISE ABOUT
3% OF TOTAL U.S. EMPLOYMENT.

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Source:

U.S. Department of Commerce, Bureau of Economic Analysis, The National Income and Product Accounts of the United
States, 1929-1974, Statistical Tables, Washington, D.C., 1976, pp. 204-5; Survey of Current Business, 58, No. 7,
Washington, D.C., July 1978, p. 54.

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