The national income accounts
A)are an accounting framework used in measuring households income.
B)are an accounting framework used in measuring firms income.
C)are an accounting framework used in measuring government income.
D)are an accounting framework used in measuring current economic activity.

Question

Quizplus · Accepted Answer

The national income accounts are an accounting framework used in measuring current economic activity, such as GDP (Gross Domestic Product) and GNP (Gross National Product). They track the flow of goods and services produced, income earned, and expenditures made within an economy over a given period of time. Option A, B, and C are incorrect since they do not focus on measuring current economic activity.

The National Income Accounts