The National Income and Product Accounts provides a system for:
A) aggregating the production of all goods and services into a single measure of economic activity
B) aggregating the production of all goods into a single measure of economic activity
C) aggregating the production of all services into a single measure of economic activity
D) aggregating the production of most goods and services into a single measure of economic activity
E) aggregating the production of all goods and services into two measures of economic activity

Question

Quizplus · Accepted Answer

The National Income and Product Accounts is a system that aggregates the production of all goods and services into a single measure of economic activity. This measure is known as Gross Domestic Product (GDP) and is used to track the overall health and growth of the economy. Therefore, choice A is the best option as it accurately describes the purpose of the National Income and Product Accounts.

The National Income and Product Accounts Provides a System For