GOALS FOR THE U.S. ECONOMY, 1972 & 1977 PROJECTED FROM LEVELS IN 1967

The single projections relate to goals of such high priority that they should not be reduced even if only
the lower goals for GNP are attained. In that event, lower priority objectives should be modified accordingly.

THE GOALS FOR 1972 AND 1977 MAINTAIN BALANCE OF PUBLIC AND PRIVATE RESPONSIBILITIES

Public outlays are of such high priority that they are projected Identically for the lower and higher GNP goals, with modifications of other goals accordingly.

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GOALS FOR A FEDERAL BUDGET, 1972 AND 1977, GEARED TO ECONOMIC GROWTH & PRIORITY NEEDS

1969, fiscal year; goals for 1972 and 1977, calendar years

Administration's Proposed Budget as of Jan 29, 1968. Beginning with fiscal 1969, the Budget includes the

immense trust funds, net lending, and other relatively minor new items. Note: Goals include Federal contributions of one b

in 1970, and more than two bin 1977, to the OASDHI to help increase benefit payments to the aged.

RELATIVE TRENDS IN ECONOMIC GROWTH
UNEMPLOYMENT, & PRICES, 1952-1968

PRODUCTION AND EMPLOYMENT

Total National Production in Constant Dollars, Average Annual Rates of Change
Industrial Production, Average Annual Rates of Change

Unemployment as Percent of Civilian Labor Force, Annual Averages*

*These annual averages (as differentiated from the annual rates of change) are based on full-time officially

reported unemployment measured against the officially reported Civilian Labor Force.

Source: Dept. of Labor, Dept. of Commerce, & Federal Reserve System