Benchmark Input Output Accounts
From Open Risk Manual
Definition
Benchmark Input Output Accounts. One of the major elements of the U.S. national and industry economic accounts.
They provide detailed statistics on economic processes and relationships, and they provide essential information for other economic accounts. They are used to set the level of GDP in the NIPAs, and they provide commodity detail on the composition of the final-use categories. In addition, they provide information on what industries use to produce their output and on what commodities are produced by each industry.
The benchmark I-O accounts consist of
- make tables
- use tables
- direct requirements tables, and
- total requirements tables
They are prepared at about 5-year intervals, primarily from Economic Census data.[1]
References
- ↑ Concepts and Methods of the US Input-Output Accounts. K.J.Horowitz, M.A.Planting, 2009
