McqMate
Q. |
National income accounting is the study of the income and expenditure of the entire - |
A. | family |
B. | state |
C. | economy |
D. | organisation |
Answer» C. economy | |
Explanation: National Income Accounting is a set of principles and methods used to measure the income and production of a country. There are basically two ways of measuring national economic activity: as the money value of the total production of goods and services during a given period (usually a year) or as the total of incomes derived from economic activity after allowance has been made for capital consumption. |
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