glossary national income and product accounts updated november 2019 this glossary presents the definitions of terms that are associated with the u s national income and product accounts nipas the ...
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...Glossary national income and product accounts updated november this presents the definitions of terms that are associated with u s nipas relate to concepts classifications accounting framework general sources methods used prepare nipa estimates line items make up seven summary for most part consistent those in economic such as system sna where appropriate explanations differences provided is intended be a living reference will expanded reflect changes additions they incorporated into handbook term definition accrual method records sale goods or assets when ownership transferred services generation output produced consumption intermediate compensation employees it earned administrative data tabulated byproduct administering programs federal government state local governments processing corporate tax returns regulating public utilities issuing building permits handling unemployment insurance claims advance quarterly first vintage three sets current gdp its components released near end mo...