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RE. Reinvested Earnings or Retained Earnings

Reclassification. An adjustment made to the input-output (I-O) accounts when there are two or more industries whose primary activity is the production of similar commodities and the commodities differ only in the process used to produced them. The output of one commodity is moved (“reclassified”) to be part of the output of the other, similar commodity. Total output for the affected industry remains unchanged; however, output for each affected commodity group changes.

Redefinition. An adjustment made to the input-output (I-O) accounts when a secondary product is assumed to have very different inputs than the other products of the producing industry. The secondary product (output and inputs) is moved (“redefined”) to the industry to which the product is primary. The adjustment is necessary to attain a homogenous input structure for the commodities produced by an I-O industry.

Reinvested earnings (direct investment). .A parent company’s claim on the current-period undistributed after-tax earnings of its affiliates. Related terms: direct investment capital flows.

Rental income of persons with capital consumption adjustment. .Earnings from the rental of real property by persons who are not primarily engaged in the real estate business. It also includes the imputed net rental income of owner-occupants and the royalties received by persons from patents, copyrights, and rights to natural resources.

Residential fixed investment. Consists of purchases of private residential structures and residential equipment that is owned by landlords and rented to tenants. Related terms: residential structures, fixed investment.

Residential structures. .Investment in residential structures consists of new construction of permanent-site single-family and multi-family units, improvements (additions, alterations, and major structural replacements) to housing units, expenditures on manufactured homes, brokers’commissions on the sale of residential property, and net purchases of used structures from government agencies. Residential structures also include some types of equipment that are built into residential structures, such as heating and air-conditioning equipment. Related terms: residential fixed investment, fixed investment.

RIC. Revision In Change

RIMS II or RIMS. Regional Input-Output Modelling System

RIMS II multipliers. Estimates of regional input-output multipliers for any state, county, or combination of states or counties. The multipliers estimate the impact from changes in final demand on one or more regional industries in terms of output, employment, and labor earnings. The multipliers are based on estimates of local area personal income and on the national input-output (I-O) accounts.

RLF. Royalties and License Fees

RTL. Revision To Level