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BEA Releases Most Detailed Look at Economy’s Structure

Washington (Sept. 21)—The Bureau of Economic Analysis released estimates of the Benchmark Input-Output Accounts of the U.S. economy. These accounts, which are based on the once every five year Economic Census, provide the most detailed information available on the structure of the U.S. economy, covering over 400 industries. They are used by BEA to benchmark Gross Domestic Product, by other statistical agencies to benchmark price indexes, and by analysts and policy makers to examine changes in the economy, such as the impact of increases in energy prices. (More)