Preliminary Forecasts of U. S. GNP, Potential GNP and Potential Government Expenditures.
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)
Document Details
- Document Type
- Technical Report
- Publication Date
- Oct 01, 1973
- Accession Number
- AD0781254
Entities
People
- D. V. T. Bear
Organizations
- SRI International