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RCED-84-56 1 (1984-04-17)

handle is hein.gao/gaobabnil0001 and id is 1 raw text is: fso~ 2-.' Y& UNITED STATES GENERAL ACCOUNTING OFFICE WASHINGTON, D.C. 20548 RESOURCES, COMMUNITY, ... AND ECONOMIC DEVELOPMENT RESTRICTED 7Not to 5e refeased outside the o#'eral DIVISION Accounting Office except on the basis of specic ... B-2 14874 APRIL 17, 1984 The Honorable E (Kika) de la Garza Chairman, Committee on Agriculture House of Representatives 123969 Dear Mr. Chairman: Subject: Multiplier Effect of the Agricultural Sector on the General Economy (GAO/RCED-84-56) As requested in your October 4, 1982, letter and subsequent discussions with your office, we reviewed certain aspects of the relationship between the agricultural sector and the rest of the nation's economy. Specifically, you asked us to provide informa- tion on --federal tax revenues generated by federal agricultural program expenditures and --the agricultural sector's multiplier effect on the gen- eral economy. Regarding federal tax revenues generated by federal agricul- tural program expenditures, none of the agencies, organizations, or individuals we interviewed were able to provide such informa- tion. Accordingly, we are unable to present information on this issue. Because the definition of the agriculture sector has changed over time and because of differences in analytic procedures, we were unable to determine any specific value for the agriculture multiplier or compare it with multipliers of other sectors. We did, however, obtain (1) information on many of the definitions and techniques analysts use to measure multiplier effects and (2) examples of some of the multiplier and multiplier-type estimates that have been published. MULTIPLIER EFFECT OF AGRICULTURE Many modern economics textbooks use the term multiplier as a measure of the relationship between an initial increase in spend- ing in one sector of the economy, such as an increase in personal consumption, private investment, or government purchases, and the total increase in spending and income in the economy that results from that initial increase. Generally, the increase in total IS Xi g+_ (097695

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