The _____ let(s) economists judge our nation's economic performance, compare U.S. income and output to that of other nations, and track the economy's condition over the course of the business cycle.
A) National Bureau of Economic Research
B) National Activity Index
C) Census Bureau
D) national income and product accounts

Question

Quizplus · Accepted Answer

The national income and product accounts, also known as Gross Domestic Product (GDP) accounts, provide a comprehensive accounting of the country's production, income, and spending. It is used by economists to assess the overall performance of the economy and its fluctuations over the business cycle. The National Bureau of Economic Research conducts research on the economy and business cycle, while the National Activity Index tracks overall economic activity, and the Census Bureau collects demographic and economic data.

The _____ Let(s) Economists Judge Our Nation's Economic Performance, Compare