The national income and product accounts provide
A) the ability to track business cycles.
B) the ability to account for nonmarket activities, such as car maintenance.
C) a comprehensive measure of domestic unemployment.
D) a comprehensive measure of domestic inflation.

Question

Quizplus · Accepted Answer

The national income and product accounts, also known as GDP, provide the ability to track business cycles, including recessions and expansions. The other options are not correct, as GDP does not directly account for nonmarket activities or provide comprehensive measures of unemployment or inflation.

The National Income and Product Accounts Provide