Economics terms starting with B

17 terms

  1. Balance of payments Record of transactions between U.S. residents and foreign residents during a given time period.
  2. Balance on current account Record of net receipts or payments on goods, services, income, and unilateral current transfers. Current transfers include U.S.
  3. Balance on current account, national income and product accounts Current receipts from the rest of the world less current payments to the rest of the world, formerly called "net foreign investment.
  4. Balance on goods Record of the difference between exports of goods and imports of goods. Related terms: Balance on current account, Balance on goods and services.
  5. Balance on goods and services Record of the difference between exports of goods and services and imports of goods and services.
  6. Base period The period from which the weights for a measurement series are derived. The national income and product accounts (NIPAs) currently use the year 2000 as…
  7. Benchmark I-O accounts See Benchmark input-output (I-O) accounts
  8. Benchmark input-output (I-O) accounts Statistical description-presented in a make table, use table, direct requirements table, and total requirements tables-of the production of goods and…
  9. Benchmark input-output accounts See Benchmark input-output (I-O) accounts
  10. BPT See Business, professional, and technical services transactions (BPT)
  11. Business current transfer payments (net) Net payments by businesses to persons, government, and the rest of the world for which no current services are performed.
  12. Business current transfer payments to government (net) Consists of payments to the Federal government in the form of premiums for deposit insurance, fees for regulatory and inspection activities, and fines…
  13. Business current transfer payments to persons (net) Consists of net insurance settlements and income payments by businesses to persons for which no current services are performed.
  14. Business current transfer payments to the rest of the world (net) Net insurance settlements paid to the rest of the world as policyholders. Excludes taxes paid by domestic corporations to foreign governments.
  15. Business sector All corporate and noncorporate private entities organized for profit and certain other entities that are treated as businesses in the national income and…
  16. Business, professional, and technical services transactions See Business, professional, and technical services transactions (BPT)
  17. Business, professional, and technical services transactions (BPT) Transactions covering a wide range of private services sold to or purchased from foreigners, such as advertising, telecommunications, computer and data…