Gross National Product has become a leading and well understood indicator of national activity since its inception in the 1940’s. This report is the second of a three-part series pioneering the construction of the Gross Regional Product of a giant urban area. The project has been made possible by a grant from The Andrew W. Mellon Foundation.
The first volume, published in July 1977, considered government revenues and expenditures in the New York Urban Region and four subregions thereof and calculated the government’s share of the Gross Regional Product.
This second volume portrays the Gross Product Originating in the Region’s economy by industry, as well as the Income Gross Regional Product, which shows the value of production in’ terms of payments to labor, profits, interest, rent, depreciation and taxes.
The forthcoming, third volume will show Demand Gross Regional - Product emphasizing consumption patterns of households and patterns of investment. It will also summarize the Region’s balance of payments with the rest of the world.