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THE MEANIN1 OF LONGTERM TRENDS
Dates of Turning Points in Long Swings of Gross National
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add to total adjusted agriculture annual estimates annual series arithmetic means assets assumed business cycles business sector calculated capi capital stock capital-output ratios census cent changes in inventories Chart claims against foreign cols column components constant prices consumers corporations countrywide current prices cycles debt financing decade averages decline depreciation derived domestic capital formation durable capital formation economic equipment equity funds excluding military expenditures extrapolated factors financial intermediaries flow Geoss gross capital formation gross national product gross output gross retention increase industries internal funds investment labor force line 14 long swings long-term trends ment moving averages nonfarm residential construction notes to Table output peak line percentage period price index rate of growth ratio of capital relative rise savings share of internal Simon Kuznets sources statistical stock issues sumers sumption tion total external financing total financing trough line United Variant volume yields