National income accounting is defined as the
A) Use of economic theory to predict future income.
B) Measurement of aggregate economic activity.
C) Accounting cost associated with economic choices.
D) Assessment of the distribution of output.
Correct Answer:
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Q12: GDP can be calculated by all of
Q13: Prices are used in national income accounting
Q14: Suppose Blu-Ray players cost consumers $300 and
Q15: Which of the following is excluded from
Q16: Suppose a friend claims he is helping
Q18: The GDP per capita is the most
Q19: Suppose iPhones cost consumers $200 and USB
Q20: Which of the following would be included
Q21: If a farmer grows a head of
Q22: The sum of value added
A)Measures the intangible
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