Sources of Revenue: Basic and Applied Research in the Biological and Biomedical Sciences for Scientific Research and Development Services, Establishments Subject to Federal Income Tax Employer Firms
REVBBSEF5417TAXABL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
44,078.00
Year-over-Year Change
166.62%
Date Range
1/1/2013 - 1/1/2021
Summary
This economic trend measures the revenue sources for establishments engaged in basic and applied research in the biological and biomedical sciences, which is crucial for understanding research and development activities in the U.S.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Sources of Revenue: Basic and Applied Research in the Biological and Biomedical Sciences for Scientific Research and Development Services, Establishments Subject to Federal Income Tax Employer Firms data series tracks the revenue sources for organizations conducting fundamental and applied R&D in the life sciences. This provides insight into the funding and investment dynamics within this important sector.
Methodology
The data is collected through surveys of U.S. businesses.
Historical Context
Policymakers and analysts use this data to assess the health and resourcing of the biomedical R&D ecosystem.
Key Facts
- Tracks revenue for establishments conducting basic and applied biological/biomedical research.
- Provides insight into funding dynamics in the U.S. biomedical R&D sector.
- Data collected through surveys of U.S. businesses.
FAQs
Q: What does this economic trend measure?
A: This trend measures the revenue sources for establishments engaged in basic and applied research in the biological and biomedical sciences, which is crucial for understanding research and development activities in the U.S.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the funding and investment dynamics within the important biomedical R&D sector, which is vital for policymakers and analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of U.S. businesses.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to assess the health and resourcing of the biomedical R&D ecosystem in the United States.
Q: Are there update delays or limitations?
A: The data is subject to the typical update schedule and limitations of business survey data collected by the U.S. government.
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Citation
U.S. Federal Reserve, Sources of Revenue: Basic and Applied Research in the Biological and Biomedical Sciences for Scientific Research and Development Services, Establishments Subject to Federal Income Tax Employer Firms (REVBBSEF5417TAXABL), retrieved from FRED.