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QUASI-PUBLIC: A good or activity that is some, but not all characteristics of a public good or activity. The term quasi-public is often used in connection with business activities that are privately controlled, but which are authorized by government legislation. The Federal National Mortgage Association is one example. Quasi-public is also commonly used in reference to goods that have one but not both of the key characteristics of a public good--nonrival consumption or nonexcludability of nonpayers. Information are transportation examples of quasi-public goods in which nonpayers can be excluded from use (like a private good) but are nonrival in consumption (like a public good).
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                           BUREAU OF ECONOMIC ANALYSIS: An agency of the Department of Commerce that collects data about the United States economy (and other economies as well), conducts economic research and analysis, develops and implements estimation methodologies, and disseminates economic statistics to the public. The information produced by the Bureau of Economic Analysis (BEA for short) allows the government, business leaders, researchers, and the public to follow and understand the performance of the United States economy. Along with the Census Bureau and STAT-USA, BEA is part of the Department's Economics and Statistics Administration. The Bureau of Economic Analysis produces some of the most closely followed economic statistics affecting decisions of government officials, business leaders, households, and individuals regarding monetary policy, tax and budget projections, and business investment plans.The principal component of BEA's statistics is the National Income and Product Accounts (NIPA), which produces estimates of gross domestic product (GDP) and other related measures. Also, the BEA prepares national, regional, industry, and international accounts that contain vital information on important matters such as economic growth, regional economic development, and the relative position of the United States in the world economy. Four ProgramsActivities of the Bureau of Economic Analysis are divided into four main programs: National Accounts, Regional Accounts, Industry Accounts and International Accounts.- National Accounts: This program keeps track of domestic U.S. production (that is, estimates of gross domestic product or GDP), consumption, investment, exports and imports, and national and domestic income and saving. The National Income and Product Accounts are aggregated measures of production and income derived from production.
- Regional Accounts: This program produces detailed data on economic activity by region, state, metropolitan area, and county. This program produces estimates of personal income by state, county and metropolitan area and also produces annual estimates of gross state product by industry.
- Industry Accounts: This program produces the input-output tables, which show the buying and selling interaction among industries. These data show how industries sell inputs to, and buy output from, each other. They also contain information about the contributions by private industries and government to GDP, that is, they show disaggregate GDP by industry.
- International Accounts: This program produces the quarterly balance of payments accounts, which provide a comprehensive summary of economic transactions between the United States and other countries. This program also prepares reports on the international investment position accounts as well as estimates of U.S. direct investment abroad and foreign direct investment in the United States.
Two CommitteesThe Bureau of Economic Analysis has two vital committees: Advisory Committee and Federal Economics Statistics Advisory Committee.- Advisory Committee: This committee advises the Director of BEA about the development and improvement of BEA accounts. It pays particular attention to information about the new and rapidly growing economic activities that arise from innovation and technological change. The BEA Advisory Committee meets twice yearly.
- Federal Economics Statistics Advisory Committee: This committee inspects BEA programs and provides advice on statistical methodology, research, and other technical matters related to the collection, tabulation, and analysis of economic statistics. This committee also advises the Bureau of Labor Statistics and the Bureau of the Census.
Recommended Citation:BUREAU OF ECONOMIC ANALYSIS, AmosWEB Encyclonomic WEB*pedia, http://www.AmosWEB.com, AmosWEB LLC, 2000-2023. [Accessed: October 4, 2023].
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Today, you are likely to spend a great deal of time at an auction wanting to buy either a T-shirt commemorating next Thursday or a birthday gift for your uncle. Be on the lookout for attractive cable television service repair people.
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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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"Those who are blessed with the most talent don't necessarily outperform everyone else. It's the people with follow-through who excel. " -- Mary Kay Ash, May Kay Cosmetics founder
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OCC
Options Clearing Corporation
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