What changes in definitions and presentations will be introduced in the 2009 NIPA comprehensive revision?
Major changes in definitions and presentations are as follows: · Change the treatment of disasters to better reflect the distinctions between current transactions, capital transactions, and events that directly affect balance sheets. · Update the classification system for personal consumption expenditures (PCE) in order to present categories that are more useful for the analysis of spending by households and nonprofit institutions. · Reclassify transactions between the federal government and the U.S. territories and commonwealths in order to improve consistency with the treatment of similar private-sector transactions. · Change the treatment of insurance services provided by government enterprises in order to improve consistency with the treatment of the services provided by private property and casualty insurance companies. · Change the presentation of the estimates of private fixed investment in structures for 1929-1996 to make it consistent with the presentation of the estimates for
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