The main purpose of the national income and product accounts is to provide information on the economy's overall performance.

Question

Quizplus · Accepted Answer

The national income and product accounts (NIPA) are used to track the economic activity of a country. They provide information on various aspects such as the gross domestic product (GDP), national income, consumption, savings, investment, and government spending. The purpose of these accounts is to measure, analyze and understand the performance of the economy as a whole. Therefore, the statement is true.

The Main Purpose of the National Income and Product Accounts