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omeli [17]
3 years ago
9

Explain national income accounting and pattern of growth and contraction in the economy.

Social Studies
1 answer:
Alex73 [517]3 years ago
7 0
National income accounts (NIAs) are fundamental aggregate statistics in macroeconomic analysis. The ground-breaking development of national income and systems of NIAs was one of the most far-reaching innovations in applied economics in the early twentieth century. NIAs provide a quantitative basis for choosing and assessing economic policies as well as making possible quantitative macroeconomic modeling and analysis.
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