The approach used in the U.S. to measure the economy's aggregate performance is
A) national income accounting.
B) to add up the value of intermediate goods.
C) the total value of securities.
D) to add up the total value of financial transactions, transfer payments, and secondhand goods.
E) all of the above.

Question

Quizplus · Accepted Answer

The approach used in the U.S. to measure the economy's aggregate performance is national income accounting. This involves adding up the value of all final goods and services produced in the economy during a given time period, usually a year, and subtracting the value of intermediate goods to avoid double counting. This measure is known as Gross Domestic Product (GDP) and is widely used as an indicator of economic growth and output. The other options, including adding up the value of securities, financial transactions, transfer payments, and secondhand goods, are not part of the national income accounting approach used to measure the economy's aggregate performance.

The Approach Used in the U