Question

National income accounting is​ ____________. A. used by international organizations such as the World Bank to determine individual country assessments​ (fees). B. an accounting system used by businesses to calculate their profits during a given production period. C. a system of accounts designed to measure aggregate economic activity in a country. D. a system used by tax accountants to calculate the tax liabilities of transnational corporations.

Answer 1

Answer:

C.

Explanation:

National income accounting records the value of national income that results from production expenditure.

Producers earn income from buyers who spend money on goods and services.

The amount of expenditure by buyers equals the amount of income for sellers equals the value of production.

Is often defined to be the income earned by a nation´s factors of production, the measure the aggregate economic activity.