For example, NIPA excludes capital transfers, like estate tax receipts, which are recorded as revenue in the unified budget, and investment grants-in-aid to state and local governments, which the unified budget records as outlays.
( ( For example ) ( , ( NIPA ( ( excludes ( ( ( ( ( ( ( ( capital transfers ) , ) ( like ( ( ( estate ( tax receipts ) ) , ) ( which ( are ( recorded ( as ( revenue ( in ( the ( unified budget ) ) ) ) ) ) ) ) ) ) ) , ) and ) ( investment ( grants-in-aid ( to ( ( ( state and ) local ) governments ) ) ) ) ) , ) ( which ( ( the ( unified budget ) ) ( records ( as outlays ) ) ) ) ) ) . ) ) ) )
(ROOT (S (PP (IN For) (NP (NN example))) (, ,) (NP (NNP NIPA)) (VP (VBZ excludes) (NP (NP (NN capital) (NNS transfers)) (, ,) (PP (IN like) (NP (NP (NN estate) (NN tax) (NNS receipts)) (, ,) (SBAR (WHNP (WDT which)) (S (VP (VBP are) (VP (VBN recorded) (PP (IN as) (NP (NP (NN revenue)) (PP (IN in) (NP (DT the) (JJ unified) (NN budget))))))))))) (, ,) (CC and) (NP (NP (NN investment)) (VP (VBN grants-in-aid) (PP (TO to) (NP (UCP (NN state) (CC and) (JJ local)) (NNS governments))))) (, ,) (SBAR (WHNP (WDT which)) (S (NP (DT the) (JJ unified) (NN budget)) (VP (VBZ records) (PP (IN as) (NP (NNS outlays)))))))) (. .)))
NIPA does not exclude capital transfers.
( NIPA ( ( ( does not ) ( exclude ( capital transfers ) ) ) . ) )
(ROOT (S (NP (NNP NIPA)) (VP (VBZ does) (RB not) (VP (VB exclude) (NP (NN capital) (NNS transfers)))) (. .)))