The main reason the national income and product accounts were created was to
A) provide businesses with data on the economy.
B) help governments manage the business cycle.
C) provide employment for statisticians during the Great Depression.
D) test out accounting theory developed during the early 20th century.

Question

Quizplus · Accepted Answer

The main reason the national income and product accounts were created was to help governments manage the business cycle. The accounts provide data on the economy, including measures of economic growth, inflation, and unemployment, which can be used to make policy decisions aimed at stabilizing the economy during periods of recession or expansion. The accounts were developed during the Great Depression as a response to the need for better economic data to inform policy decisions.

The Main Reason the National Income and Product Accounts Were