Taxes that are generally levied by state and local governments as a percentage of the commodity’s price. General sales taxes are typically shown separately on sales receipts and are typically levied as a standard percentage of the commodity’s price. They include sales taxes collected by retail establishments, by wholesalers, and by service establishments. Selective sales […]

Payment for the use of patented or copyrighted materials and for similar rights. These payments are treated as income from property. (BEA)

The rest-of-the-world adjustment to final uses consists of values for exports and imports that have offsetting adjustments to personal consumption expenditures (PCE) and government. This adjustment is required in order to conform the commodity treatment of the I-O use table to the expenditure concepts used for final uses in the NIPAs. This is accomplished by […]

The RSC, also known as the Local Use Ratio, indicates the proportion of local net supply of a commodity that goes to meet local demands. It is calculated by dividing Local Use of Local Supply by Local Net Commodity Supply. Local Net Commodity Supply is the amount of total local commodity supply that is used […]

Redefinitions, one of the three methods for handling secondary products, are made as part of the preparation of the supplementary I-O make and use tables. Redefinitions are made when an industry’s production of a secondary product requires very different inputs than those for the production of its primary product. In such a case, the economic […]