Economics terms starting with P

26 terms

  1. Paasche See Paasche price index
  2. Paasche price index A fixed-weighted price index that is computed as the sum of current-period quantities valued at current-period prices divided by the sum of current-period…
  3. PCE See Personal consumption expenditures (PCE)
  4. Person See Persons
  5. Personal consumption expenditures See Personal consumption expenditures (PCE)
  6. Personal consumption expenditures (PCE) The goods and services purchased by persons.
  7. Personal current taxes Includes taxes paid by persons on income, including realized net capital gains, and on personal property.
  8. Personal current transfer payments Payments consisting of transfer payments by persons to government and to the rest of the world.
  9. Personal current transfer receipts Consists of income payments to persons for which no current services are performed and net insurance settlements.
  10. Personal dividend income The dividend income received by persons.
  11. Personal income Income received by persons from all sources. It includes income received from participation in production as well as from government and business transfer…
  12. Personal income receipts on assets Personal interest income plus personal dividend income.
  13. Personal interest income Interest income received by persons from all sources; includes both monetary and imputed interest.
  14. Personal interest payments Non-mortage interest paid by persons.
  15. Personal outlays The sum of personal consumption expenditures (PCE), personal interest payments, and personal current transfer payments.
  16. Personal saving Personal income less the sum of personal outlays and personal current taxes.
  17. Persons In the national income and product accounts (NIPAs), persons consist of individuals, nonprofit institutions that primarily serve individuals, private…
  18. Preliminary estimate The second estimate of gross domestic product (GDP) and its components for a quarter.
  19. Preliminary estimates See Preliminary estimate
  20. Primary inputs Capital and labor inputs to production; the related costs include, for example, compensation, profits, and depreciation.
  21. Primary producer The industry that is the main producer of a particular good or service. Typically, this industry shares the same name as the good or service.
  22. Primary product The principal good or service produced by an industry, which is used to classify establishments in the Standard Industrial Classification System (SIC) or…
  23. Private remittances Includes institutional and personal remittances between U.S. private residents and foreign residents.
  24. Producers' prices Commodity transactions in the input-output (I-O) accounts are valued in producers' prices in order to show the relationship between the production of…
  25. Profits from current production See Corporate profits with IVA and CCAdj
  26. Proprietors' income Current-production income of sole proprietorships, partnerships, and tax-exempt cooperatives.