Employer contributions for social insurance funds and for other labor income. Supplements are a part of the value-added component “compensation.” (BEA)    

System for grouping economic activities using the operating establishment as the basic production unit. The SIC system assigns each establishment an industry code on the basis of its primary activity, which is the establishment\’s principal product or group of products produced or distributed or services rendered. Beginning with the 1997 benchmark, the SIC was replaced […]

Industries/commodities that are provided for in the I-O industry classification system but are not included in the SIC or NAICS. In the 1997 benchmark accounts, they consisted of both industries and commodities for the inventory valuation adjustment and owner-occupied housing and of commodities for non-comparable imports, for scrap, used and secondhand goods, and for the […]

IMPLAN expands upon the traditional I-O approach to also include transactions between industries and institutions and between institutions themselves, thereby capturing all monetary market transactions in a given time. IMPLAN can thus more accurately be described as a Social Account Matrix (SAM) model, though the terms I-O and SAM are often used interchangeably.

A good or service that is produced by an industry in addition to its primary product. Secondary products are the primary product of another industry. Secondary products in the I-O accounts are termed redefinitions, reclassifications, and other secondary products. (BEA)