National income accounting fills in the dollar values in the circular flow.

Question

Quizplus · Accepted Answer

National income accounting measures the economic activity in a country by tracking the flow of goods, services, and money between households, businesses, and the government. It is used to calculate important macroeconomic indicators like Gross Domestic Product (GDP), which is the total dollar value of all goods and services produced within a country's borders. Thus, national income accounting does fill in the dollar values in the circular flow.

National Income Accounting Fills in the Dollar Values in the Circular