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The Official Journal of the Pan-Pacific Association of Input-Output Studies (PAPAIOS)

Table 21 The applied measurement units of the economic indicators for the US economy

From: Increasing returns and business cycles in a family of Goodwinian models with Leontiev technology

Indicator

Expression

Unit of measurement

Employment ratio

vt = Lt/Nt

Fraction of unit

Output-capital ratio

xt = Pt/Kt

1/year

Rate of capital accumulation

kt

Fraction of unit

Rate of capacity utilization in total industry

CURt

Fraction of unit

Surplus value

St = (1 − ut)Lt

Thousands of workers

Real labour compensation

wt

(millions dollar 2009/year)/worker

Net domestic product

Pt

billions dollar 2009/year

Profit

Mt = Pt − wtLt

billions dollar 2009/year

  1. One billion is 109