Reconciliation

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Definition

Reconciliation. The process of comparing two sets of estimates, explaining the differences, and selecting the better estimate. For the benchmark I-O accounts, the initial I-O estimates of final uses are reconciled with the NIPA estimates of final expenditures.[1]

References

  1. ↑ Concepts and Methods of the US Input-Output Accounts. K.J.Horowitz, M.A.Planting, 2009
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