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The estimate of capital
goods used up in production during a specified period.
The change (plus or minus)
in business inventories of final and intermediate goods.
The sum of employed and
officially unemployed workers, excluding members "of the armed forces
and employed workers under sixteen years of age.
Consumer goods which have
useful lives of one year or more.
The price index reflecting
prices of goods and services purchased by U.S. urban consumers. (Before
January 1978, it reflected those purchased by urban wage earners and
clerical workers only.)
Expenditures for final goods
and services by consumers.
Personal income (which
includes transfer payments to persons) less personal tax and nontax
payments to government.
Goods and services delivered
to consumers, including the investment goods delivered to producers for
consumption in production.
Government spending for
items which reflect production of final goods and services. Government
transfer payments are not included.
Government expenditures
which are transfers of income rather than payments for productive activity
occurring during the period in which they take place.
The aggregate national
output for a specified period. Final goods and services produced by factors
of production owned by domestic residents.
Gross national product with
quantities valued in terms of prices of a specified base year.
Gross national product with
quantities valued in terms of prices of the year to which the measure
relates.
Gross expenditures for
business plant and equipment and residential housing plus the change in
business inventories.
Assigning a market value to
production which does not actually pass through a market, so that its value
can be included in the aggregate output estimate.
The upward bias created when
backyear weights instead of current-period weights are used for weighing
items as to importance in an aggregate price index. The upward bias results
from consumers tendencies to shift expenditures away from the items whose
prices have increased the most.
Taxes, such as sales and
excise taxes, which are imposed on the value of transactions rather than
directly on business and personal incomes and wealth.
Goods which have been
produced or partially produced but have not yet been sold to business or
consumer users.
Essentially, the income
payments received by the private sector for sales of factor services used
in production (not including retained earnings in the form of capital
consumption allowances).
Exports of goods and
services (including factor services) to foreign residents less imports of
goods and services (including factor services) from foreign residents.
Gross national product less
capital consumption allowances.
Expenditures for consumer
durable and nondurable goods and for consumer services.
The income of the personal
sector before personal tax and nontax payments. It includes transfer
payments and those components of national income not retained by the
business sector or government.
Profits of unincorporated
businesses.
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