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Glossary

Institutional units

Institutional units are the fundamental units identified in the economy. They interact with other institutional units, make decisions, and undertake their activity to achieve certain objectives. How they behave within the economy reflects their role. The Statistical Classification for Institutional Sectors (SCIS) brings together institutional units, based on their similar roles.

Notional unit

A notional unit is an artificial entity. It is created in special circumstances, to measure economic activity that is not carried out by an identifiable resident institutional unit.

See appendix 2 for classification definitions.

Residual categories

The residual categories are not applicable to this classification as it is exhaustive.

References

  • New Zealand Standard Institutional Sector 1996 
  • System of National Accounts 2008 
  • Balance of Payments and International Investment Position Manual (6th Edition) 
  • Standard Economic Sector Classifications of Australia 2008 
  • Non-profit Institutions Satellite Account 2004
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