Opportunity Cost
An Opportunity Cost is the benefit that is lost when one choice is made over another.
NSK
Not specified by kind. (BEA)
NPISH
NPISHs (non-profit institutions serving households) consist of NPIs which are not predominantly financed and controlled by government and which provide goods or services to households free or at prices that are not economically significant. (SNA)
Non-comparable imports
Consist of three types of services: (1) Services that are produced and consumed abroad, such as airport expenditures by U.S. airlines in foreign countries; (2) services imports that are unique, such as payments for the rights to patents, copyrights, or industrial processes; and (3) services imports that cannot be identified by type, such as payments by U.S. companies to their foreign affiliates for an undefined “basket” of services. In preparing the I-O accounts, these imports are distributed directly to industries and to final users. (BEA)
NEC
Not elsewhere classified. (BEA)
NAPCS
North American Product Classification System. A comprehensive demand-oriented product classification system that is being developed by the United States, Canada, and Mexico. NAPCS is designed to complement NAICS, the supply-oriented industry classification system introduced for 1997. In particular, NAPCS will focus on improving the identification, definition, and classification of the products produced by the services industries. (BEA)
NAICS
North American Industry Classification System. A system of industrial classification developed and used by the United States, Canada, and Mexico for grouping establishments by similarity of production process. Beginning with the 1997 Economic Census, NAICS has replaced the 1987 SIC as the primary industry classification system used for U.S. economic statistics. NAICS features more detailed classifications for the services industries and improved classifications for the high-tech industries. (See also Economic Census.) (BEA)
Multipliers
Multipliers reflect the ratio of total Effects per Direct Effect within a Region. Multipliers are available and may be constructed for Output, Employment, and every component of Value Added.
Total Effects will vary depending on whether Induced Effects are included, as in the case with Type SAM Multipliers, or are not included, as in the case with Type I Multipliers.
Multi-Regional Input-Output (MRIO)
Multi-Regional Input-Output (MRIO) analysis makes it possible to track how an impact on any of the 536 IMPLAN sectors in a Study Area region affect the production of all 536 sectors and household spending in any other region in the US (county to county, county to multi-county, county to state, state to state, etc). It will demonstrate how an impact in the Study Area disperses into other regions and see how these effects in surrounding areas create additional local effects. For more information, visit the MRIO section of the website.
Merchant wholesaler
Merchant wholesalers are wholesalers that sell goods on their own account—that is, they buy the goods, usually maintain them in warehouses, and then resell them. Beginning with the 2002 NAICS, merchant wholesalers now include sales offices and sales branches that are maintained by manufacturing, refining, or mining enterprises apart from their plants or mines for the purpose of marketing their products. (BEA)
IMPLAN
Economic input output
modeling application, data,
and solutions.
