
National income accounting is
A) used by business firms to determine the level of profit during a given year.
B) used by accountants to figure household tax obligations.
C) a system of accounts designed to measure macroeconomic activity.
D) a system of measures that indicates when an economy is experiencing inflation.
E) a system of microeconomic measures that indicates equilibrium conditions for individual markets.
Correct Answer:
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Q10: A cotton farmer sells cotton to a
Q11: Changes in inventory are applied by economists
Q12: Q13: Changes in inventory Q14: Productive activity in the underground economy![]()
A) are always planned.
B) are
A) results
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