Related to the Economics in Practice on p. 432: The National Income and Product Accounts (NIPAs) were originally developed for the Commerce Department
A) during the Reconstruction era following the Civil War.
B) during the era of the Great Depression in the 1930s.
C) at the onset of the Cold War in the 1950s.
D) during the 1970s following the public distrust of the government from the Watergate scandal.

Question

Quizplus · Accepted Answer

The National Income and Product Accounts (NIPAs) were originally developed for the Commerce Department during the era of the Great Depression in the 1930s. The accounts were created in order to better understand and address the economic challenges of the time, and have since become an essential tool for measuring and analyzing the overall health of the US economy.

Related to the Economics in Practice on P