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Official statistics are statistics published by government agencies or other public bodies such as international organizations as a public good. They provide quantitative or qualitative information on all major areas of citizens' lives, such as economic and social development, [ 1 ] living conditions, [ 2 ] health , [ 3 ] education , [ 4 ] and ...
Instead, the statistical system is decentralized, with 13 statistical agencies, two of which are independent agencies and the remaining 11 generally located in different government departments. This structure keeps statistical work in close proximity to the various cabinet-level departments that use the information. [ 3 ]
The Bureau of Economic Analysis (BEA) of the United States Department of Commerce is a U.S. government agency that provides official macroeconomic and industry statistics, most notably reports about the gross domestic product (GDP) of the United States and its jurisdictions.
Government spending or expenditure includes all government consumption, investment, and transfer payments. [ 1 ] [ 2 ] In national income accounting , the acquisition by governments of goods and services for current use, to directly satisfy the individual or collective needs of the community, is classed as government final consumption expenditure .
Gross sales are the sum of all sales during a time period. Net sales are gross sales minus sales returns, sales allowances, and sales discounts. Gross sales do not normally appear on an income statement. The sales figures reported on an income statement are net sales. [4] sales returns are refunds to customers for returned merchandise / credit ...
The latest retail sales figures suggest that the economy is growing briskly again in the current October-December quarter, after having expanded at a sturdy 2.8% annual rate in the previous ...
G (government spending) is the sum of government expenditures on final goods and services. It includes salaries of public servants , purchases of weapons for the military and any investment expenditure by a government.
Government final consumption expenditure (GFCE) is an aggregate transaction amount on a country's national income accounts representing government expenditure on goods and services that are used for the direct satisfaction of individual needs (individual consumption) or collective needs of members of the community (collective consumption). [1]