About: National Income and Product Accounts

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The national income and product accounts (NIPA) are part of the national accounts of the United States. They are produced by the Bureau of Economic Analysis of the Department of Commerce. They are one of the main sources of data on general economic activity in the United States. They use double-entry accounting to report the monetary value and sources of output produced in the country and the distribution of incomes that production generates. Data are available at the national and industry levels.

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rdfs:label	National Income and Product Accounts (en)
rdfs:comment	The national income and product accounts (NIPA) are part of the national accounts of the United States. They are produced by the Bureau of Economic Analysis of the Department of Commerce. They are one of the main sources of data on general economic activity in the United States. They use double-entry accounting to report the monetary value and sources of output produced in the country and the distribution of incomes that production generates. Data are available at the national and industry levels. (en)
dcterms:subject	Economy of the United States Welfare economics National accounts
Wikipage page ID	993976 (xsd:integer)
Wikipage revision ID	1117718194 (xsd:integer)
Link from a Wikipage to another Wikipage	United States Consumption of fixed capital Economy of the United States Measures of national income and output Welfare economics Aggregation problem Classification of Individual Consumption by Purpose Chart of accounts Accounting identity National accounts Transfer payment Gross private domestic investment Macroeconomics System of National Accounts Library of Economics and Liberty National accounts Double-entry accounting Concise Encyclopedia of Economics Net exports
Link from a Wikipage to an external page	https://web.archive.org/web/20171108104038/https:/www.bea.gov/national/pdf/NIPAhandbookch1-4.pdf https://www.bea.gov/about/pdf/jep_spring2008.pdf https://www.bea.gov/index.htm http://www.google.com/publicdata/explore%3Fds=a7jenngfc4um7_&ctype=l&strail=false&nselm=h&met_y=taxes_on_production_and_imports&hl=en&dl=en http://www.google.com/publicdata/explore%3Fds=a7jenngfc4um7_&ctype=l&strail=false&nselm=h&met_y=taxes_on_production_and_imports_net_of_subsidies&hl=en&dl=en https://web.archive.org/web/20130927140507/http:/fraser.stlouisfed.org/topics/%3Ftid=91 https://web.archive.org/web/20170809160504/https:/www.bea.gov/about/pdf/jep_spring2008.pdf http://www.econlib.org/library/Enc/NationalIncomeAccounts.html
sameAs	National Income and Product Accounts National Income and Product Accounts National Income and Product Accounts
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Link from a Wikipa... related subject.	National accounts National accounts
date	2017-08-09 (xsd:date)
group	note (en)
url	https://web.archive.org/web/20170809160504/https:/www.bea.gov/about/pdf/jep_spring2008.pdf
has abstract	The national income and product accounts (NIPA) are part of the national accounts of the United States. They are produced by the Bureau of Economic Analysis of the Department of Commerce. They are one of the main sources of data on general economic activity in the United States. They use double-entry accounting to report the monetary value and sources of output produced in the country and the distribution of incomes that production generates. Data are available at the national and industry levels. Seven summary accounts are published, as well as a much larger number of more specific accounts. The first summary account shows gross domestic product (GDP) and its major components.The table summarizes national income on the left (debit, revenue) side and national product on the right (credit, expense) side of a two-column accounting report. Thus the left side gives GDP by the income method, and the right side gives GDP by the expenditure method.The GDP is given on the bottom line of both sides of the report. GDP must have the same value on both sides of the account. This is because income and expenditure are defined in a way that forces them to be equal (see accounting identity). We show the 2003 table later in this article; we present the left side first for convenient screen display. The U.S. report (updated quarterly) is available in several forms, including interactive, from links on the Bureau of Economic Analysis (BEA) NIPA ([1]) page. Other countries report based on their own adopted system of National accounts which are frequently based on the U.S. NIPAs, the widely adopted United Nations System of National Accounts, or their own custom approach. The level of detail (granularity) accounted for internally, and reported publicly, varies widely across countries. Likewise, a nation's system of accounts, (analogous to a firm's Chart of accounts) are typically gradually revised and updated on their own individual schedule. The U.S. NIPAs are prepared by the staff of the Directorate for National Economic Accounts within the BEA. The source data largely originate from public sources, such as government surveys and administrative data, and they are supplemented by data from private sources, such as data from trade associations (BEA 2008: 1–6). (en)
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is Link from a Wikipage to another Wikipage of	Saving Revenue neutrality of the FairTax Value added Index of economics articles Intermediate consumption The Theory of Wages Public finance Net output Nipa Real versus nominal value (economics) Prices of production Tendency of the rate of profit to fall Morris Copeland Compensation of employees Faux frais of production Personal consumption expenditures price index Measures of national income and output Bureau of Economic Analysis Bureau of Labor Statistics Aggregate demand Federal Reserve FairTax Government budget Black market Economic data Wealth Distribution (economics) Circular flow of income Gross domestic product Gross fixed capital formation National income and product accounts Statistics of Income Factors of production Treasury view Fiscal incidence National accounts National income accounts National Income Account National Income Accounts
is Wikipage redirect of	National income and product accounts National income accounts National Income Account National Income Accounts

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