Capital

Capital is expenditures made by industries and institutions to obtain capital equipment and construction. The dollar values in the IMPLAN database are expenditures made to a specific industrial sector producing the capital equipment. The values do not represent capital investment by that industrial sector.

Gross

Bridge tables

Two tables, one for personal consumption expenditures and one for private equipment and software, that show the relationships between categories of expenditures in the I-O accounts and those in the NIPAs. The bridge tables enable analysts to use the commodity-composition relationships shown in the benchmark I-O tables to prepare estimates for non-benchmark years. (BEA)

Government units

Benchmark I-O accounts

One of the major elements of the U.S. national and industry economic accounts. They provide detailed statistics on economic processes and relationships, and they provide essential information for other economic accounts. They are used to set the level of GDP in the NIPAs, and they provide commodity detail on the composition of the final-use categories. In addition, they provide information on what industries use to produce their output and on what commodities are produced by each industry. The benchmark I-O accounts consist of make tables, use tables, and direct and total requirements tables. They are prepared at about 5-year intervals, primarily from Economic Census data. (BEA)

Government functional tables

Basic value tables

An alternative presentation of the I-O accounts recommended by the 1993 System of National Accounts. The basic value tables consist of a supply table and a use table. Industry and commodity output are measured in a “basic value”, which excludes commodity taxes and duties but includes subsidies. The supply table is a variation of the make table; it is transposed from the make table and includes imports, thus enabling the calculation of supply. The use table shows transactions in purchaser’s value, and value added includes subsidies and excludes sales and excise taxes collected by the industry on behalf of government. (BEA)

Government enterprises

Basic price

Also \”basic value\”. The price received by the producer for goods or services that are sold. It excludes taxes collected by the producer from purchasers, such as taxes that liquor manufacturers collect on behalf of government and sales taxes collected by retailers. In the I-O tables prepared by BEA, basic prices have excluded subsidies and included duties on imports. The 1993 System of National Accounts expands this definition to include subsidies. (See “Basic value tables”) (BEA)

Base period

The period that provides the weights for an index is described as the base period. (SNA)

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