I-O ratios that measure earnings paid to households by employment throughout the economy, directly and indirectly, in connection with delivery of $1 million of final demand for a specific commodity. (BEA)    

A corporation is a legal entity, created for the purpose of producing goods or services for the market, that may be a source of profit or other financial gain to its owner(s); it is collectively owned by shareholders who have the authority to appoint directors responsible for its general management. (SNA)    

Consumption of fixed capital represents the reduction in the value of the fixed assets used in production during the accounting period resulting from physical deterioration, normal obsolescence or normal accidental damage. (SNA)    

Dummy industries are used to simplify the process of estimating transactions (that is, inputs of commodities used by industries and final users) by grouping related items that are generally assumed to be purchased in the same proportion by many different industries. Purchases of these related items are consolidated under one dummy industry, rather than being […]

Domestic supply is both a NIPA and an industry accounts term. In the NIPAs and in the pre-1997 benchmark I-O accounts, it represents the value of the commodity produced by domestic firms (valued at producers\’ prices) plus imports, transportation costs, and wholesale margin, minus exports and inventory change. Beginning with the 1997 benchmark I-O accounts […]