Related to the Economics in Practice on p. 112: The National Income and Product Accounts (NIPAs) were originally developed for the Commerce Department
A) during the Reconstruction era following the Civil War.
B) during the era of the Great Depression in the 1930s.
C) at the onset of the Cold War in the 1950s.
D) during the 1970s following the public distrust of the government from the Watergate scandal.

Question

Quizplus · Accepted Answer

The National Income and Product Accounts (NIPAs) were developed in the 1930s during the era of the Great Depression, as part of the New Deal program. The purpose was to track and measure economic activity in the country and inform policy decisions related to economic growth and stability.

Related to the Economics in Practice on P