National Measures of Investment and Saving Reconciled

by Peter D. Ivory, John E. Dawson

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The two major national accounting systems of the United States are the National Income and Product Accounts (NIPA) and the Flow of Funds Accounts (FoF). The first system is maintained by the Department of Commerce, and the second is maintained by the Federal Reserve. This report presents in a series of accounting tables the interconnections between the NIPA and the FoF measures of investment and saving. In addition, the confusion over NIPA and FoF measures of personal saving is resolved.

This report is part of the RAND Corporation Report series. The report was a product of the RAND Corporation from 1948 to 1993 that represented the principal publication documenting and transmitting RAND's major research findings and final research.

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