Identify the correct statement.
A) National income accounting measures only the flow of output between the different sectors of the economy.
B) National income accounting summarizes the level of production in an economy over a decade.
C) National income accounting explains diagrammatically the flows of goods and services and of money expenditures (income) .
D) National income accounting summarizes and categorizes the productive activity in an economy over a year.
E) National income accounting measures the total money supply in the economy.
Correct Answer:
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Q15: Which of the following would not be
Q16: Productive activity in the underground economy:
A)results in
Q17: Which of the following must be included
Q18: The figure given below shows the various
Q19: The national income accounting system provides a
Q21: If 'C' denotes consumption expenditure, 'I' denotes
Q22: What is the approximate percent of GDP
Q23: The difference between gross and net investment
Q24: The stock of unused goods held by
Q25: A reduction in the value of capital
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