The system of accounts for each country,based on the circular flow,whose purpose is to measure the level of economic activity is called:
A)the underground economy.
B)national income accounting.
C)bookkeeping.
D)none of the above.

Question

Quizplus · Accepted Answer

National income accounting is the system of accounts for each country, based on the circular flow, which measures the level of economic activity. The other choices are not relevant to measuring economic activity or tracking financial transactions.

The System of Accounts for Each Country,based on the Circular