Private capital consumption allowances less private consumption of fixed capital (defined below). This adjustment is used to convert income and depreciation measures from the historical-cost accounting used by firms when filing their income tax returns to the current replacement cost basis with consistent service lives and empirically based depreciation schedules. (BEA)
One of the three fundamental principles underlying the I-O accounts. Under this principle, each industry’s output is produced with a unique set of inputs or a unique production function. The other two principles are consistency and proportionality. (BEA)
See “Consumption of fixed capital”. (SNA)
A 10-digit commodity classification system for foreign trade. It was introduced in the United States in January 1989 in order to ensure international comparability in the classification of exports and imports by commodity. There are approximately 19,000 codes for imports and 9,000 codes for exports. (BEA)
The market value of the goods and services produced by labor and property supplied by U.S. residents. (BEA)
The percentage of Output that goes to the purchase of a given Commodity. Total Gross Absorption is percentage of Output that goes to the purchase of all Intermediate Expenditures.
Economic input output
modeling application, data,
and solutions.
