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Definition Of Bureau Of Economic Analysis - Bea:


A division of the U.
federal government's Department of Commerce that is responsible for theanalysis and reportingof economic data used toconfirm and predict economic trends and business cycles. Reports from the Bureau of Economic Analysis are the foundation upon which many economic policy decisions are made by government, and many investment decisions are made in the private sector by companies and individual investors.Among the most influential statisticsanalyzed and reported by the BEA are the gross domestic product dataand the balance of trade for the United States. The BEAusesdata collected at local, state, federal and international levels. Furthermore, the BEA collects data on foreign direct and indirect investment inthe U.and on individual industries that operate around the globe.

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