Economics terms starting with L

4 terms

1. Laspeyres See Laspeyres price index
2. Laspeyres price index A fixed-weighted price index that is computed as the sum of base-period quantities valued at current-period prices divided by the sum of base-period…
3. Leontief inversion approach A mathematical technique which is used at BEA to estimate the input-output (I-O) total requirement coefficients and RIMS II multipliers.
4. Local area personal income Income that is received by, or on behalf of, all persons who live in the local area.