. Income in the United States, its amount and distribution, 1909-1919. , 1921, p. 20. Weighted accordingto values in 1909. Includes 90 Farm Products, 10 Minerals and 88 Productsof Manufactures. (2) American Economic Review, March, 1921. Includes 91 products. (3) These figures have not been published. Include 87 commodities. (4) Bankers Statistics Corporation, Special Service, Vol. 2, No. 12,August 24, 1920. cently been made by four statisticians workingindependently of each other. It will be seen fromTable 15 that the two estimates of the NationalIncome in money of constant purchasing powerflu
. Income in the United States, its amount and distribution, 1909-1919. , 1921, p. 20. Weighted accordingto values in 1909. Includes 90 Farm Products, 10 Minerals and 88 Productsof Manufactures. (2) American Economic Review, March, 1921. Includes 91 products. (3) These figures have not been published. Include 87 commodities. (4) Bankers Statistics Corporation, Special Service, Vol. 2, No. 12,August 24, 1920. cently been made by four statisticians workingindependently of each other. It will be seen fromTable 15 that the two estimates of the NationalIncome in money of constant purchasing powerfluctuate in closer harmony with each other than 80 INCOME IN THE UNITED STATES do any two of the index numbers of physical vol-ume of production. And from Chart 18, it ap-pears clearly that these two estimates, or rather Chart 18. COMPARISON OF THE FLUCTUATIONS IN THE FINALESTIMATE OF THE PURCHASING POWER OF THENATIONAL INCOME AT THE PRICE LEVEL OF1913, WITH FOUR INDEX NUMBERS OFTHE PHYSICAL VOLUME OF PRO-DUCTION. 1910-1919. Amounts in 1913 ==100. Based upon Table J910 m i^i- /si/3 i^i4 i^is 1916 i9f7 ^9ta im the final estimate made from them, pursues anintermediate course through the field covered bythe fluctuations of the physical-production indexnumbers. This comparison affords a further SIZE OF THE NATIONAL INCOME 81 indication that our results are substantially trust-worthy. VII. TOTAL AND PEE CAPITA INCOME IN DIFFERENTCOUNTEIES In 1919, Sir Josiah Stamp, one of the highestBritish authorities on income statistics, made acareful survey of all recent investigations into thewealth and income of the chief powers, and as-sembled his results in a summary table publishedin the Journal of the Royal Statistical Society}He used the year 1914 as base, because that year*at the outbreak of war, represents the latest datefor which satisfactory statistics are generallyavailable, and he graded the estimates for theseveral countries according to his estimate oftheir approximate accuracy
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