Consistency principle

One of the three fundamental principles underlying the I-O accounts. Under this principle, the data compiled from one source are comparable with the data compiled from another source. For example, in accordance with this principle, the estimates shown in the I-O accounts should be consistent with the underlying source data and with the estimates shown in the national accounts. In the United States, NAICS provides a consistent basis for classification that enables comparisons across the broad range of economic statistics. The other two principles are homogeneity and proportionality. (BEA)

Free alongside ship (f.a.s.)

Forward linkage

Foreign port value

Foreign Imports

First in, first out (FIFO)

Method of valuing inventories that assumes that the oldest stock in inventories is sold first. (BEA)

Firm value

Final uses

Final use quadrant

Final Demand

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