Document H Source: Historical Statistics of the United States, Statistical Abstract of the United States, Department of Commerce. Life expectancy at birth, in years GNP per capita, in 1958 dollars Total government spending, in billions of dollars Surplus or (deficit), in billions of dollars Defense spending as percent of government spending 1949 68.0 $2,172 $40.6 $1.0 32.7% 1951 68.4 $45.8 $2,495 $2,507 $7.6 1953 51.1% 68.8 $76.8 1955 68.1% 69.6 $2,650 $68.5 ($5.3) ($3.0) 63.2% 1957 69.5 $76.7 $2,642 $2,688 $3.2 1959 62.9% 69.6 $92.1 ($12.9) 57.9%

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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Document H
Source: Historical Statistics of the United States, Statistical Abstract of the United States,
Department of Commerce.
Life expectancy at birth,
in years
GNP per capita, in 1958
dollars
Total government
spending, in billions
of dollars
Surplus or (deficit), in
billions of dollars
Defense spending as
percent of government
spending
1949
68.0
$2,172
$40.6
$1.0
32.7%
1951
68.4
$45.8
$7.6
1953
51.1%
68.8
$76.8
($5.3)
1955
$2,495 $2,507 $2,650 $2,642 $2,688
68.1%
69.6
$68.5
($3.0)
1957
63.2%
69.5
$76.7
1959
69.6
62.9%
$92.1
$3.2 ($12.9)
57.9%
Transcribed Image Text:Document H Source: Historical Statistics of the United States, Statistical Abstract of the United States, Department of Commerce. Life expectancy at birth, in years GNP per capita, in 1958 dollars Total government spending, in billions of dollars Surplus or (deficit), in billions of dollars Defense spending as percent of government spending 1949 68.0 $2,172 $40.6 $1.0 32.7% 1951 68.4 $45.8 $7.6 1953 51.1% 68.8 $76.8 ($5.3) 1955 $2,495 $2,507 $2,650 $2,642 $2,688 68.1% 69.6 $68.5 ($3.0) 1957 63.2% 69.5 $76.7 1959 69.6 62.9% $92.1 $3.2 ($12.9) 57.9%
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