Understanding the Scope of Economic Agents' Activities: Consumption, Investment, and More

May 16, 2025

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Explore the comprehensive realms encompassing economic agents' actions such as consumption, investment, and aggregate observations. Dive deep into the concepts of gross fixed capital formation, household expenditures, and business investments to gain insights into economic equivalents.

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Understanding the Scope of Economic Agents' Activities: Consumption, Investment, and More

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Figure 1: The conceptive Scope of TSA Agents Action Consumption GFCF etc SU Aggregate (≈NA) Observation Aggregate (≈NA) Resident Non-Res. Resident Non-R. <1day >1day <1day >1day Physical Visitors Visitors Visits (by purpose) Visits (by purpose) Investors -- -- -- -- -- -- Investments Economic („monetary“) equivalents Households (Individuals) „Business“ RoW House- Holds Industries (timing of) Expenditure „ „ GFCF (timing of) Fnl Cnsmptn RoW Intmdte Csmptn RoW: Rest of the world SU: Statistical unit GFCF: Gorss fixed capital formation NA: National accounts

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