Which of the following is a primary use for national income accounts?
A) to analyze the environmental cost of economic growth
B) to assess the economic eﬃciency of speciﬁc industries in the economy
C) to measure changes in the value of production and income in the economy
D) to determine whether there is a fair and equitable distribution of income in the economy

Question

Quizplus · Accepted Answer

National income accounts are primarily used to measure changes in the value of production and income in the economy. This includes calculating the gross domestic product (GDP) of a country, which is a measure of the total value of goods and services produced over a certain time period. Other measures, such as gross national product (GNP) and net national product (NNP), can also be calculated using national income accounting. While analyzing environmental costs, assessing economic efficiency, and evaluating income distribution may be tangentially related to national income accounting, they are not its primary uses.

Which of the Following Is a Primary Use for National