Which statement is a criticism of the national income and product accounts?
A) They do not capture most nonmarket economic activity.
B) They are too cumbersome to use for policymaking.
C) They overstate the "green" impact of economic activity.
D) They are poorly correlated with the business cycle.

Question

Quizplus · Accepted Answer

The criticism of the national income and product accounts is that they do not capture most nonmarket economic activity. This includes activities such as household work and volunteer work which are not part of the market economy but still contribute to overall economic welfare.

Which Statement Is a Criticism of the National Income and Product