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A component of final uses that measures goods and services that are produced by the foreign sector and are purchased as intermediate inputs or for final use in the United States. The definition of imports in the U.S. international transactions accounts differs slightly from that in the NIPAs and I-O accounts, primarily in the treatment […]
Method of valuing inventories that assumes that the oldest stock in inventories is sold first. (BEA)
The valuation in the I-O transaction record that is considered the most statistically reliable—that is, the value most closely based on hard data, such as the Economic Census, and least dependent on adjustments and judgmental estimation. The firm value may be the basic value, the purchasers’ value through wholesale, or the total purchasers’ value. (BEA) […]
The consumption of the goods and services that are produced and distributed in the economy. In the I-O accounts, final-use transactions consist of the transactions that make up the final-expenditure components of GDP: Personal consumption expenditures; private fixed investment; change in private inventories; exports of goods and services; imports of goods and services; and Federal, […]
The final use quadrant (of the “use table”�� in an input-output system) shows exports, final consumption expenditure and gross capital formation at purchasers’�� prices in the columns each classified by products in the rows. (SNA)
The value of goods & services produced and sold to final users (institutions) during the calendar year. This value is also equivalent to the Direct Output of an Industry Impact or Industry Contribution.
Also known as Factor Payments. These are payments to primary factors of production (e.g., wages to employees and rents to landowners). There two main categories are: employee compensation and proprietor income.
Gross value added at factor cost is not a concept used explicitly in the SNA but it can easily be derived by subtracting the value of any taxes, less subsidies, on production payable out of gross value added. (SNA)
A component of final uses that measures goods and services that are produced in the United States and sold to the foreign sector. They are valued at f.a.s. (free alongside ship), which is equivalent to purchasers’ value at the U.S. port of export. The definition of exports in the U.S. international transactions accounts differs slightly […]
Expenditures on goods and services produced on own account are the imputed values of goods or services produced as outputs of unincorporated enterprises owned by households that are retained for consumption by members of the household. (SNA)
Economic input output
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