The primary emphasis in U.S.national income accounts is on
A)gross national product.
B)gross domestic product.
C)net national product.
D)personal disposable income.

Question

Quizplus · Accepted Answer

The gross domestic product (GDP) is the primary measure of economic activity in the U.S. national income accounts. It is the total value of all goods and services produced within the borders of the country during a specific period of time, typically a year. While other measures like gross national product (GNP) and net national product (NNP) are also important, GDP is considered the most important and widely used indicator of economic growth and activity. Personal disposable income (D) is not the primary emphasis in national income accounts, but it is still an important measure of the well-being of households and individuals.

The Primary Emphasis in U