A shortcoming of national income accounting is that it ignores
A)the depreciation of manufactured capital
B)spending by poor households who are receiving government transfer payments
C)spending on items such as handguns and attack dogs,since they represent a decline in social well-being
D)the depletion of natural resources
E)U.S.production that is sold overseas

Question

Quizplus · Accepted Answer

National income accounting often fails to account for the depletion of natural resources, as it typically focuses on economic transactions and production without considering the environmental costs or the sustainability of resource use.

A Shortcoming of National Income Accounting Is That It Ignores