This article contains the following sections:
- Model Overview
- Model Information
- Economic Indicators
- Areas in the Model
- Gross Regional Product
The Model Overview provides a synopsis of the Study Area Region used to build your Model. Located at the top of the Model Overview window are the options to view Study Area Data, Social Accounts, Industry Accounts, and Multipliers. These additional windows provide a greater view into your Study Area Data.
Model Information will provide you with the demographic data for your study region.
The Shannon-Weaver Diversity Index measures the extent to which the employment of a region is distributed amongst its industries. It ranges from 0 (perfect inequality or no diversity) to 1 (perfect equality or diversity).
Areas in the Model
Gross Regional Product
Gross Regional Product (GRP) can be described as Value Added or Final Demand. These two components are both provided.
- GRP described from the income paid to the owners of the factors of production in the Model year.
- GRP described from the sales or production value of goods and services by final users in the Model year.
The Industries grid gives a snapshot of how the Industries rank in the Study Area. Industries are sorted by Employment as a default; with the highest Employment Industry at the top to the lowest Employment Industry on the bottom. However, each field (Sector, Description, Employment, Income & Output) can be sorted to customize your view.