National income accounting can best be characterized as a
A) set of rules to summarize economic activity over a given period of time.
B) system for comparing different political systems.
C) microeconomic model used by the Federal Reserve.
D) statistical measure of the income received by consumers as opposed to businesses.
E) standardized economic report written by politicians.
Correct Answer:
Verified
Q1: The national income accounting system is used
Q2: Q3: If GDP included intermediate goods and services, Q4: Gross domestic product constitutes the Q6: The concept of value added refers to Q7: Gross domestic product (GDP) Q8: The stock of unsold goods held by Q9: National income accounting does not Q10: A cotton farmer sells cotton to a Q11: Changes in inventory are applied by economists
A) total quantitative
A) is gross national
A) provide a
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