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Define the term National Income Accounting.

      

Define the term National Income Accounting.

  

Answers


Kavungya
This is the term used in economics to refer to book keeping system that the government uses to measure the level of the country’s economic activity in a given period of time. It records the level of activities in accounts such as total revenue earned by domestic co-operations, wages paid to foreign and domestic workers and the amount of money spent on sales and income taxes by co-operations and individuals residing in a country.
Kavungya answered the question on August 10, 2021 at 05:45


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