- Economic Output / Final Demand
- Final value of industry production. For manufacturing companies, output is sales plus/minus changes in inventory. For service sectors, output is equal to sales. For retail and wholesale trade companies, output equals gross margin, not gross sales.
- Value Added
- The difference between an industry's output and the cost of its intermediate inputs. This includes employee compensation, taxes on production, and gross operating surplus. This is the measure of the contribution to GDP made by the industry.
- Wages / Income
- All forms of employment income, including employee compensation and proprietor income. Employee compensation is the total payroll cost paid by the employer including wages and salary, all benefits (health, retirement, etc.) and employer-paid payroll taxes (social security, unemployment, etc.).