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)

The balance of payments is a statistical statement that systematically summarises, for a specific time period, the economic transactions of an economy with the rest of the world. (SNA)

The interconnection of an industry to other industries from which it purchases its inputs in order to produce its output. It is measured as the proportion of intermediate consumption to the total output of the sector (direct backward linkage) or to the total output multiplier (total backward linkage). An industry has significant backward linkages when its production of output requires substantial intermediate inputs from many other industries. (BEA)

Auxiliaries are establishments whose employees are primarily engaged in providing various management or support services to one or more establishments of the same enterprise. Thus, within an enterprise, the auxiliary establishments are distinct from those establishments that are primarily engaged in producing goods and from those that are primarily engaged in providing services for personal or household use or for other enterprises. For example, an automotive repair shop or storage garage operated by an enterprise primarily for repair or storage of its own vehicles qualifies as an auxiliary. In addition to its primary activity of supporting the operations of the enterprise, an auxiliary may also provide services to the general public or to other business firms as a secondary activity. One major change introduced by NAICS is that auxiliaries are now treated as establishments classified by their production processes. Central Administrative Offices (CAOs) are included in NAICS 55, Management of Companies and Enterprises. Certain other auxiliaries are now treated as part of the industry that has a similar production function. For example, an accounting department that is a separate establishment would now be included in the accounting services industry. The services provided by auxiliaries are now included in output, measured by expenses to provide those services. Under the SIC, the services provided by auxiliary establishments were not included in output, and their expenses were included with the expenses of the industry served by the auxiliary. (BEA)