Abstract
The Bureau of Economic Analysis (BEA) maintains a program of State and local area (county and metropolitan area) economic measurement that centers on the personal income measure. This program originated in 1939 when estimates of income payments to individuals by State were first published. At the national level, personal income is the principal income measure in the personal income and outlay account, one of the five accounts that compose the national income and product accounts. The State and local area personal income estimates are derived by disaggregating the detailed components of the national personal income estimates to States and counties. Estimates for all other geographic areas are made by aggregating either the State or county estimates in the appropriate combinations. This building block approach permits estimates for areas whose boundaries change over time, such as metropolitan areas, to be presented on a consistent geographic defmition for all years.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
