SEMAINE D'ÉTUDE SUR LE ROLE DE L’ANALYSE ECONOMETRIQUE ETC. 835

and. in billions:

Then, from (333-6

P* =
=— 410
.2+
0
.00
85 x 163
4 -
35
7=38

4.0

Private investment (excluding consumer durables) amounted
 to $64.4 billion (°). To this figure should be added purchases
 of consumer durables amounting to $38.5 billion (9),
making a total for private investment outlays of $105.9 bilion.
 The value of public investment is not specified, but it
may be assumed that both kinds of investment are in proporion
 to their share of existing non-monetary reproducible cavital.
 This enables the value of investment to be estimated as

~~ x I05.9 = 121.8

() « Economic Almanac », 1962, p. 121.
(?) Excluding monetary metals (« Economic Almanac », 96.
valued at $26.5 billion:

1226.2 — 26.5 = 1197.7 .
The figure of 1226.2 corresponds to the global value of reproducible capital,
of which 26.5 represents the value of monetary stocks of gold and silver.
There is also a question as to whether military assets ($84.3 billion)
should not be included also. These assets contribute to the supply of the
anal collective service « defense ». On balance, it seemed preferable to omit
them, but it is open to discussion whether they should not have been
counted in.
() Ibid., p. 140.
*} Indirect business Tax, Ibid., p. 121.
() « Economic Almanac », 1962, p. 122
f¢) Ibid., p. 140. In billions of dollars.
Public buildings and equipment =35.6+145.7+ 5=156.3.
The figure of 156.3 corresponds to the overall value of the different classes
 of governmental reproducible capital. excluding military assets valued
nt 84.3

Allais - pag. 130