Other property income

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Other property income (OPI) represents gross operating surplus minus proprietor income. OPI includes consumption of fixed capital (CFC), corporate profits, and business current transfer payments (net).  It includes income derived from dividends, royalties, corporate profits, and interest income. Thus, OPI provides a source of income for households, business, and governments.  However, I-O models by default treat OPI as a leakage, meaning that any OPI generated as part of an analysis will not generate any additional effects.  This is because the assumptions that income generated from OPI will go to recipients within the region and that those recipients will spend that income in a typical manner may not be valid. Learn more about multiplier internalization here.

OPI has also been referred to as Other Property Type Income (OPTI).

Other labor income (OLI)

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A component of personal income that includes employer payments to private pension and profit-sharing plans, publicly administered government employee retirement plans, private group health and life insurance plans, privately administered workers’ compensation plans, supplemental unemployment benefit plans, and several minor categories of employee compensation. The NIPAs now refers to OLI as employer contributions for employee pension and insurance funds. It is part of the value-added component compensation. (BEA)
 
 

Opportunity Cost

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An Opportunity Cost is the benefit that is lost when one choice is made over another.

 
 

NSK

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Not specified by kind. (BEA)
 
 

NPISH

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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

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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

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Not elsewhere classified. (BEA)

NAPCS

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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

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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

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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. 

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