The event that stimulated the U.S. government's commitment to tracking the economy's health through a national income accounting system was the
A) Civil War and Reconstruction Era.
B) panic of 1907.
C) Great Depression.
D) oil embargo of 1973.

Question

Quizplus · Accepted Answer

The Great Depression led to a lack of reliable economic data, prompting the federal government to establish a system for measuring the national income and tracking economic activity. This resulted in the creation of the National Income and Product Accounts (NIPA), which provides data on GDP, national income, and other economic indicators.

The Event That Stimulated the U