A good or service that is produced by an industry in addition to its primary product. Secondary products are the primary product of another industry. Secondary products in the I-O accounts are termed redefinitions, reclassifications, and other secondary products. (BEA)
Scenario
A collection of one or more Activities that specify all sales to Final Demand (Direct Effects) for a given impact.
Savings
Gross saving is gross disposable income less final consumption expenditure. (SNA)
Sales taxes
Taxes that are generally levied by state and local governments as a percentage of the commodity’s price. General sales taxes are typically shown separately on sales receipts and are typically levied as a standard percentage of the commodity’s price. They include sales taxes collected by retail establishments, by wholesalers, and by service establishments. Selective sales taxes are levied on a specific commodity at a percentage that differs from that of the general sales tax. They include taxes on motor fuels, tobacco products, alcoholic beverages, public utilities, meals, hotel occupancy, and amusements. (BEA)
Royalty
Payment for the use of patented or copyrighted materials and for similar rights. These payments are treated as income from property. (BEA)
Retail margin
The markup to the price of a product when a product is sold through a retail trade activity. It is calculated as sales receipts less the cost of goods sold. Sales and excise taxes collected by the retailer are generally shown as a part of the retail margin. (BEA)
Rest of World Adjustment
The rest-of-the-world adjustment to final uses consists of values for exports and imports that have offsetting adjustments to personal consumption expenditures (PCE) and government. This adjustment is required in order to conform the commodity treatment of the I-O use table to the expenditure concepts used for final uses in the NIPAs. This is accomplished by making offsetting adjustments between PCE and gross exports and between Federal Government nondefense purchases and exports and imports. For example, foreigners traveling in the United States consume goods and services, such as accommodations, that are included in the source data for PCE. In order to put the PCE estimate on a NIPA basis, an adjustment is made to account for these purchases. (BEA)
Requirements tables
There are four I-O requirements tables: Commodity-by-industry direct requirements, commodity-by-commodity total requirements, industry-by-commodity total requirements, and industry-by-industry total requirements. (BEA)
Regional Supply Coefficient (RSC)
The RSC, also known as the Local Use Ratio, indicates the proportion of local net supply of a commodity that goes to meet local demands. It is calculated by dividing Local Use of Local Supply by Local Net Commodity Supply. Local Net Commodity Supply is the amount of total local commodity supply that is used domestically (i.e., total local commodity supply less foreign exports).