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Glossary "T"

Taxes from the rest of the world. Includes some taxes on production and some current transfers. The source data do not permit the reliable separation of the taxes on income.

Taxes on production and imports. Consists of Federal excise taxes and customs duties, state and local sales taxes, property taxes (including residential real estate taxes), motor vehicle licenses, severance taxes, and special assessments.

Third estimate. The third estimate of gross domestic product (GDP) and its components for a quarter. It is released 85-90 days after the end of the quarter, and it is based on source data that are more detailed and comprehensive than the preliminary estimate. The final estimate is still subject to later revisions. Related terms: Advance estimate, Second estimate, Final estimate. Related terms: Gross domestic product (GDP).

Top-down model. A projections model that is used to force lower-level geographical or industry projections to higher-level totals.

Total requirements table. A set of tables in the input-output (I-O) accounts calculated from the make table and use table. They show the inputs that are required directly and indirectly to deliver a dollar of output to final uses. There are three total requirements tables. In the commodity-by-industry table, the column shows the commodity delivered to final uses and the rows show the total production of each commodity required to meet that demand. In the industry-by-commodity table, the column shows the commodity delivered to final uses and the rows show the total production of each industry required. In the industry-by-industry table, the column shows the industry output delivered to final uses and the rows show the total production required by each industry. Related terms: Direct requirements table, Make table, Use table.

Total requirements tables. See Total requirements table