Bureau of Economic Analysis (BEA)
Definition: A U.S. business enterprise in which there is foreign direct investment—that is, in which a single foreign person, or entity, owns or controls, directly or indirectly, 10 percent or more of the voting securities of an incorporated U.S. business enterprise or an equivalent interest in an unincorporated U.S. business enterprise.
Related Term(s): Foreign affiliate, Foreign parent, U.S. parent
Bureau of Economic Analysis (BEA)
Definition: The difference between the nation’s total exports of goods, services, and transfers and its total imports of them. It excludes transactions in financial assets and liabilities..
Related Term(s): Foreign affiliate, Foreign parent, U.S. parent
Bureau of Economic Analysis (BEA)
Definition: Ownership or control, directly or indirectly, by one U.S. person, or entity, of 10 percent or more of the voting securities of an incorporated foreign business enterprise or an equivalent interest in an unincorporated foreign business enterprise.
Related Term(s): Foreign affiliate, U.S. parent
Bureau of Economic Analysis (BEA)
Definition: A person, or entity, resident in the United States, that owns or controls 10 percent or more of the voting securities of an incorporated foreign business enterprise or an equivalent interest in an unincorporated foreign business enterprise. It comprises the domestic operations of a U.S. multinational company (MNC).
Related Term(s): Foreign affiliate, Foreign parent, U.S. affiliate
Bureau of Economic Analysis (BEA)
Definition: Individuals, governments, business enterprises, and nonprofit organizations that have their center of economic interest in the United States and that reside, or expect to reside, in the United States for one year or more.
Related Term(s): Foreign residents
Federal Reserve Bank of Minneapolis
Definition: Interest-bearing obligations of the U.S. government issued by the U.S. Department of the Treasury as a means of borrowing money to meet government expenditures not covered by tax revenues. There are three types of marketable Treasury securities—bills, notes and bonds.
Bureau of Economic Analysis (BEA)
Definition: The person, or entity, that ultimately owns or controls a U.S. affiliate of a foreign company and that derives the benefits associated with ownership or control. The UBO of a U.S. affiliate is that person, or entity, proceeding up the affiliate’s ownership chain beginning with the foreign parent, that is not owned more than 50 percent by another person, or entity. Unlike the foreign parent, the UBO of a U.S. affiliate may be located in the United States.
Definition: The rate of inflation of a modified consumer price index for all urban consumers that excludes from its market basket the components with the most volatile prices: food and energy. See also consumer price index and inflation.
Related Term(s): Consumer price index (CPI), Inflation
Definition: Because all residents of the United States living in households are represented in the sample of households interviewed by the CPS, undocumented immigrants or illegal aliens are probably included in CPS data. Because the CPS makes no attempt to ascertain the legal status of any person interviwed, these individuals cannot be identified from CPS data.
Bureau of Labor Statistics (BLS)
Definition: Persons 16 years and over who had no employment during the reference week, were available for work, except for temporary illness, and had made specific efforts to find employment sometime during the 4-week period ending with the reference week. Persons who were waiting to be recalled to a job from which they had been laid off need not have been looking for work to be classified as unemployed.
Federal Reserve Bank of Cleveland
Definition: All persons who had no employment during the reference week, were available for work (except for temporary illness), and had made specific efforts, such as contacting employers, to find employment sometime during the four-week period ending with the reference week. Persons who are waiting to be recalled to a job from which they have been laid off need not be looking for work to be classified as unemployed.
Bureau of Labor Statistics (BLS)
Definition: The unemployment rate represents the number unemployed as a percent of the labor force.
Economics: Principles & Practices
Definition: ratio of unemployed individuals divided by total number of persons in the civilian labor force, expressed as a percentage
Definition: The number of jobless people who are available for work and are actively seeking jobs, expressed as a percentage of the labor force. (BLS) See also discouraged workers and labor force.
Federal Reserve Bank of Cleveland
Definition: The ratio of the number of people not currently working who are either looking for work or awaiting recall from temporary layoff to the total civilian labor force.
Bureau of Economic Analysis (BEA)
Definition: Recorded when transfers of resources that affect a nation’s income or product in the current period occur without a quid pro quo; the country receiving the transfer neither provides nor promises to provide anything of economic value, measurable in monetary terms, in return.
Related Term(s): Balance on current account, Current account (international)
Definition: The portion of budget authority that has not yet been obligated. When budget authority is provided for one fiscal year, any unobligated balances at the end of that year expire and are no longer available for obligation. When budget authority is provided for a specific number of years, any unobligated balances are carried forward and are available for obligation during the years specified. When budget authority is provided for an unspecified number of years, the unobligated balances are carried forward indefinitely, until either they are rescinded, the purpose for which they were provided is accomplished, or no disbursements have been made for two consecutive years. See also budget authority; compare with advance appropriation, forward funding, and obligation delay.
Related Term(s): Advance appropriation, Budget authority, Forward funding, Obligation delay
Definition: A subfamily is a married couple with or without children, or a single parent with one or more own never-married children under 18 years old. A subfamily does not maintain their own household but lives in the home of someone else. A related subfamily is a married couple with or without children, or one parent with one or more own never-married children under 18 years old, living in a household and related to, but not including, the person or couple who maintains the household. One example of a related subfamily is a young married couple sharing the home of the husband’s or wife’s parents. The number of related subfamilies is not included in the count of families. An unrelated subfamily (formerly called a secondary family) is a married couple with or without children, or a single parent with one or more own never-married children under 18 years old living in a household. Unrelated subfamily members are not related to the householder. An unrelated subfamily may include people such as guests, partners, roommates, or resident employees and their spouses and/or children. The number of unrelated subfamily members is included in the total number of household members but is not included in the count of family members. Beginning in 1989, any person(s) who is not related to the householder and who is not the husband, wife, parent, or child in an unrelated subfamily is counted as an unrelated individual.
Related Term(s): Subfamily
Bureau of Economic Analysis (BEA)
Definition: A table in the input-output (I-O) accounts that shows the consumption of commodities by industries, as well as the commodity composition of gross domestic product (GDP) and the industry distribution of value added. It shows the value, in producers’ prices, of each commodity used by each industry or by each final use. It also shows detail on the components of value added and total intermediate inputs that are used by each industry to produce its output. The entry in each row shows the commodity that is used by the industry or final user in the column.
Related Term(s): Direct requirements table, Make table
Economics: Principles & Practices
Definition: Fee paid for the use of a good or service; form of a benefit tax
Definition: A fee charged by the federal government to recipients of its goods or services. User fees generally apply to activities that provide special benefits to identifiable recipients, and the amount of the fee is usually related to the cost of the good or service provided. In the federal budget, user fees can be classified as offsetting collections, offsetting receipts, or revenues. See also offsetting collections, offsetting receipts, and revenues.
Bureau of Labor Statistics (BLS)
Definition: First, the respondent is asked the number of hours (s)he usually works per week. This provides a measure of the usual full-time/part-time status of employed persons. All employed persons, both those who were at work and those who were absent from work, are asked about the number of hours they usually work.
Bureau of Labor Statistics (BLS)
Definition: Data represent wage and salary earnings before taxes and other deductions, and include any overtime pay, commissions, or tips usually received (at the main job, in the case of multiple jobholders). Earnings reported on a basis other than weekly (for example, annual, monthly, hourly) are converted to weekly. The term ”usual” is as perceived by the respondent. If the respondent asks for a definition of usual, interviewers are instructed to define the term as more than half the weeks worked during the past 4 or 5 months. Data refer to wage and salary workers only, excluding all self-employed persons regardless of whether their businesses were incorporated and all unpaid family workers.
Economics: Principles & Practices
Definition: Ability or capacity of a good or service to be useful and give satisfaction to someone
Federal Reserve Bank of San Francisco
Definition: Utility theory explains consumer tastes and preferences. Consumers purchase those things that give them satisfaction or utility. As a consumer consumes more of any one product, other goods and services look more desirable. As one consumes more of a product, smaller and smaller increments of pleasure or satisfaction come from it. The law of diminishing marginal utility underlies the law of demand.