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February 1967

The Federal Budget and Economic Stabilization

by Keith M. Carlson

The President's Council of Economic Advisers forecasts 1967 gross national product at $787 billion in current prices, an increase of about 6.5 per cent over 1966. This increase consists of an advance of nearly 4 per cent in real output and an increase of slightly more than 2.5 per cent in prices.