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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