TABLE III.B1.--SELECTED ECONOMIC VARIABLES BY ALTERNATIVE,
                         CALENDAR YEARS 1994-2070
                   [GDP and taxable payroll in billions]
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                                        SSA                            Compound
                                    average                   Gross   interest-
                      Adjusted         wage     Taxable    domestic        rate
  Calendar year          CPI1/      index2/   payroll3/     product    factor4/
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Intermediate:
  1994.............      97.04   $23,899.66      $2,814      $6,737      0.9330
  1995.............     100.00    24,825.27       2,960       7,116      1.0000
  1996.............     103.20    25,815.16       3,103       7,492      1.0787
  1997.............     106.58    26,895.37       3,257       7,876      1.1620
  1998.............     110.22    27,972.95       3,412       8,269      1.2516
  1999.............     114.02    29,117.32       3,576       8,686      1.3461
  2000.............     118.21    30,384.43       3,755       9,143      1.4449
  2001.............     122.81    31,773.20       3,952       9,656      1.5489
  2002.............     127.73    33,268.75       4,170      10,217      1.6591
  2003.............     132.84    34,878.30       4,403      10,817      1.7749
  2004.............     138.15    36,604.04       4,654      11,458      1.8958

  2005.............     143.67    38,434.24       4,926      12,145      2.0204
  2010.............     174.80    49,052.91       6,517      16,174      2.7541
  2015.............     212.67    62,605.35       8,502      21,270      3.7542
  2020.............     258.74    79,902.07      10,963      27,683      5.1176
  2025.............     314.80   101,977.53      14,089      35,919      6.9761
  2030.............     383.00   130,152.03      18,168      46,765      9.5095
  2035.............     465.98   166,110.63      23,511      61,100     12.9629
  2040.............     566.94   212,003.91      30,368      79,680     17.6704
  2045.............     689.77   270,576.66      39,050     103,444     24.0875
  2050.............     839.21   345,332.00      50,075     133,925     32.8350
  2055.............   1,021.02   440,740.84      64,134     173,175     44.7591
  2060.............   1,242.23   562,509.44      82,184     224,044     61.0136
  2065.............   1,511.36   717,920.38     105,380     290,042     83.1709
  2070.............   1,838.81   916,268.56     135,030     375,219    113.3747
Low Cost:
  1994.............      97.39    23,900.90       2,816       6,743       .9330
  1995.............     100.00    24,877.54       2,987       7,169      1.0000
  1996.............     102.82    25,893.51       3,162       7,593      1.0782
  1997.............     105.90    27,069.68       3,348       8,041      1.1603
  1998.............     109.11    28,246.31       3,542       8,504      1.2481
  1999.............     112.36    29,485.17       3,743       8,980      1.3411
  2000.............     115.73    30,816.93       3,954       9,475      1.4392
  2001.............     119.20    32,175.98       4,169       9,988      1.5413
  2002.............     122.78    33,564.27       4,392      10,528      1.6471
  2003.............     126.46    35,042.25       4,630      11,099      1.7568
  2004.............     130.25    36,608.61       4,885      11,705      1.8698

  2005.............     134.16    38,256.00       5,150      12,342      1.9863
  2010.............     155.53    47,673.95       6,717      16,130      2.6694
  2015.............     180.30    59,410.42       8,616      20,756      3.5874
  2020.............     209.02    74,036.21      10,951      26,500      4.8212
  2025.............     242.31    92,262.61      13,913      33,831      6.4793
  2030.............     280.90   114,976.00      17,781      43,447      8.7076
  2035.............     325.64   143,281.02      22,851      56,103     11.7023
  2040.............     377.51   178,554.20      29,395      72,518     15.7270
  2045.............     437.64   222,511.05      37,731      93,531     21.1357
  2050.............     507.34   277,289.25      48,369     120,476     28.4047
  2055.............     588.15   345,552.91      62,029     155,242     38.1735
  2060.............     681.82   430,621.84      79,644     200,284     51.3020
  2065.............     790.42   536,633.19     102,332     258,572     68.9456
  2070.............     916.31   668,742.56     131,390     333,588     92.6571
High Cost:
  1994.............      96.50   $23,786.58      $2,812      $6,731      0.9330
  1995.............     100.00    24,662.31       2,943       7,059      1.0000
  1996.............     103.96    25,506.82       3,031       7,242      1.0803
  1997.............     109.58    27,002.88       3,201       7,784      1.1675
  1998.............     116.66    28,597.25       3,412       8,319      1.2692
  1999.............     122.38    29,685.73       3,527       8,521      1.3876
  2000.............     128.46    31,293.06       3,716       9,154      1.5168
  2001.............     134.88    32,885.74       3,950       9,798      1.6501
  2002.............     141.63    34,523.78       4,193      10,419      1.7804
  2003.............     148.71    36,358.49       4,439      11,071      1.9148
  2004.............     156.14    38,342.62       4,701      11,772      2.0524

  2005.............     163.95    40,451.47       4,996      12,541      2.1919
  2010.............     209.24    52,868.47       6,715      17,050      3.0137
  2015.............     267.05    69,096.99       8,937      22,984      4.1436
  2020.............     340.84    90,306.99      11,725      30,582      5.6971
  2025.............     435.00   118,027.64      15,272      40,411      7.8330
  2030.............     555.19   154,257.39      19,903      53,426     10.7698
  2035.............     708.57   201,608.23      25,965      70,705     14.8076
  2040.............     904.34   263,493.88      33,694      93,080     20.3592
  2045.............   1,154.19   344,375.91      43,422     121,687     27.9922
  2050.............   1,473.07   450,085.56      55,679     158,291     38.4870
  2055.............   1,880.06   588,243.81      71,144     205,178     52.9164
  2060.............   2,399.48   768,811.25      90,892     265,915     72.7557
  2065.............   3,062.42 1,004,805.44     116,113     344,609    100.0331
  2070.............   3,908.51 1,313,240.50     148,267     446,393    137.5373
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1/ The CPI used to adjust OASDI benefits is the Consumer Price Index for Urban
Wage Earners and Clerical Workers (CPI), as defined by the Bureau of Labor
Statistics, Department of Labor. The values shown are adjusted by dividing the
calendar-year annual average CPI by the analogous value for 1995, and multi-
plying the result by 100, thereby initializing the CPI at 100 for 1995.
2/ The "SSA average wage index" is defined in section 215(i)(1)(G) of the
Social Security Act; it is used in the calculations of initial benefits and
the automatic adjustment of the contribution and benefit base and other wage-
indexed program amounts.
3/ Taxable payroll consists of total earnings subject to OASDI contribution
rates, adjusted to include deemed wages based on military service and to
reflect the lower effective contribution rates (compared to the combined
employee-employer rate) which apply to multiple-employer "excess wages."
4/ The compound interest-rate factor is based on the average of the assumed
annual interest rates for special public-debt obligations issuable to the
trust funds in the 12 months of the year, under each alternative.