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PPI: The abbreviation for Producer Price Index, which is an index of the prices domestic producers receive from selling their output. THE Producer Price Index is actually one of several producer price indexes compiled and published monthly by the Bureau of Labor Statistics (BLS). THE Producer Price Index reported regularly in the media is actually the Producer Price Index for All Commodities. Other members in the family of producer price indexes include an array of broad, composite indexes (including finished consumer goods, capital goods, and crude materials); indexes that track the prices received by producers in virtually every major production industry in the country (including lumber, iron and steel, household furniture, and passenger cars); and price indexes for thousands of specific products. In total, the producer price index family includes well over 10,000 separate indexes.
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Lesson 10: Gross Domestic Product | Unit 4: Measuring Income
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Page: 22 of 25
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In this unit, you should have learned something about:- The three income measures, national income (NI), personal income (PI) and disposable income (DI).
- Alternative ways of calculating national income--the sum of factor payments (NI = W + I + R + P + PI), adjusting GDP (NI = GDP - CCA - IBT + NFFI), and adjusting NDP (NI = NDP - IBT + NFFI).
- Income earned but not received (IEBNR), including Social Security taxes, corporate profit taxes, and undistributed corporate profits.4. Income received but not earned (IRBNE), including Social Security benefits, welfare payments, and unemployment compensation.
- Deriving personal income from national income (PI = NI - IEBNR + IRBNE).
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DETERMINANT This has one of two somewhat related meanings. First, it refers to a ceteris paribus factor that is held constant when a curve or graphical relation between two other variables is constructed. Second, it refers to a known directional change in a variable resulting from the disruption of an equilibrium that is identified using comparative statics.
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BROWN PRAGMATOX
[What's This?]
Today, you are likely to spend a great deal of time strolling through a department store seeking to buy either a wall poster commemorating the 2000 Olympics or a flower arrangement with a lot of roses for your grandmother. Be on the lookout for infected paper cuts.
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Helping spur the U.S. industrial revolution, Thomas Edison patented nearly 1300 inventions, 300 of which came out of his Menlo Park "invention factory" during a four-year period.
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"The past is a foreign country; they do things differently there." -- Leslie Poles Hartley, Writer
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ICSID
International Center for the Settlement of Investment Disputes
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