Glossary of I-O terms

Commodity-by-Commodity Total Requirements Table: Shows output required, directly and indirectly, of each commodity to deliver a dollar of final demand of a commodity.

Commodity-by-Industry Direct Requirements Table: Shows the input coefficients for each commodity that an industry requires to produce a dollar of output.

Establishment: A business or industrial unit at a single physical location which produces or distributes goods or performs services. A company is a business organization consisting of all establishments under common ownership or control.

Final Use: Goods and services used by final consumers and not used by industries as inputs for intermediate production.

GDP: The market value of the goods and services produced by labor and property in the United States.

Industry-by-Commodity Total Requirements Table: Shows output required, directly and indirectly, by each industry to deliver a dollar of final demand of a commodity.

Industry-by-Industry Total Requirements Table: Shows the ouput required, directly, and indirectly, by each industry to deliver a dollar of final demand of industry output to final users.

I-O Definition: Industry classification following either the North American Classification System (NAICS) or an approximate Standard Industrial Classification (SIC) definition of industries adjusted for redefinitions of secondary output.

Intermediate Use: Consumption of goods or services by industries as inputs in the production of other goods or services.

Make Table: Shows the value in producers' prices of each commodity produced by each industry.

Margin: The difference between transactions valued in purchasers' prices and producers' prices.

NAICS Definition: Industry classification following the 2002 North American Industry Classification System (NAICS). Under the system, establishments are grouped according to the similarities of the production processes. The definition applies to the 2002 benchmark I-O accounts.

Producers' Price: Price received by producer, including excise and sales taxes.

Purchasers' Price: Price paid by industries and final users. The equivalent of
      producers' price plus trade (wholesale and retail) margins and transportation costs.

Redefinition: Secondary output and related inputs of an industry redefined to the industry where the output is primary.

SIC Definition: Industry classification following an approximate 1987 Standard Industrial Classification (SIC) definition of industries. The SIC system classifies establishments into industries on the basis of the primary activites of the establishment. This definition applies to all tables prior to the 1997 benchmark I-O accounts and the 1996 through 1998 annual I-O accounts.

Use Table: Shows the value in producers' prices of each commodity used by each industry or by each final user. Also gives value added and the total intermediate inputs that are used by each industry to produce its output.

Value Added: Contribution of primary inputs (mainly labor and capital) to total output.