Chapter

An Integrated BEA/BLS Production Account

Edited by Barbara M. Fraumeni, Michael J. Harper, Susan G. Powers and Robert E. Yuskavage

in A New Architecture for the U.S. National Accounts

Published by University of Chicago Press

Published in print July 2006 | ISBN: 9780226410845
Published online February 2013 | e-ISBN: 9780226410876 | DOI: http://dx.doi.org/10.7208/chicago/9780226410876.003.0010
An Integrated BEA/BLS Production Account

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This chapter examines the similarities and differences between output measures produced by the U.S. Bureau of Economic Analysis and the Bureau of Labor Statistics. It describes framework for the production account that incorporates data on the production of commodities by individual industries, as well as the interindustry flows available in the input-output accounts. This chapter analyzes theoretical foundation for a production account that can be used to analyze productivity and shows the relationship between gross domestic product (GDP) and the major-sector estimates using the production account framework.

Keywords: output measures; U.S. Bureau of Economic Analysis; U.S. Bureau of Labor Statistics; interindustry flow; input-output accounts; production account; gross domestic product

Chapter.  28260 words.  Illustrated.

Subjects: Economic Systems

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