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Social Science Categories
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| Definition Of: |
Reclassification
An
adjustment made to the input-output
(I-O) accounts when there are two or more industries whose
primary activity is the production of similar commodities and the
commodities differ only in the process used to produced them. The
output of one commodity is moved (âreclassifiedâ) to be part of the
output of the other, similar commodity. Total output for the
affected industry remains unchanged; however, output for each
affected commodity group changes.
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BEA Economic Analysis Dictionary INDEX:
List of Terms: Terms beginning with "A", Page 1 |
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Page Number:
1 A: Page 1 of 1.
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