The accounting framework used in measuring current economic activity is called
A)the U.S. expenditure accounts.
B)the national income accounts.
C)the flow of funds accounts.
D)the balance of payments accounts.

Question

Quizplus · Accepted Answer

The national income accounts are the accounting framework used in measuring current economic activity, including the calculation of Gross Domestic Product (GDP) and other key economic indicators. The other options provided, such as the U.S. expenditure accounts, flow of funds accounts, and balance of payments accounts, may be related to specific aspects of the economy but do not provide the comprehensive framework for measuring overall economic activity.

The Accounting Framework Used in Measuring Current Economic Activity Is