Gross capital formation is measured by the total value of the gross fixed capital formation, changes in inventories and acquisitions less disposals of valuables for a unit or sector. (SNA)    

The term “gross” is a common means of referring to values before deducting consumption of fixed capital (generally used as in “gross capital stock” or “gross domestic product”); all the major balancing items in the accounts from value added through to saving may be recorded gross or net. (SNA)

Tables that show Federal Government and state and local government expenditures by the principal purpose that each program is intended to serve. NIPA tables 3.15-3.17 present government consumption expenditures classified by BEA\’s own functional categories. For Federal, these include defense and multiple nondefense categories. For state and local, these include education, health, public order and […]

Government Consumption Expenditures & Gross Investment is the final-demand component for government in the NIPAs. It includes consumption expenditures, which is shown as a purchase of services of general government, and gross investment, which is shown as purchases of structures and equipment. It excludes some categories of expenditures such as transfer payments, interest paid by […]

Goods are physical objects for which a demand exists, over which ownership rights can be established and whose ownership can be transferred from one institutional unit to another by engaging in transactions on markets; they are in demand because they may be used to satisfy the needs or wants of households or the community or […]