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What is a system that collects macroeconomic statistics on production, income, investment, and savings

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User Xiaolei
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1 Answer

1 vote

Answer:

National income accounting

Step-by-step explanation:

National income accounting collects macroeconomic statistics on production, income, investment, and savings it is an accounting framework that an administrator uses to measure the degree of the country's financial and economic changes. Gross national product is the most common economic indicator which is used to measure national income. National income accounting is an efficient method to analyse the working of the country's economy because it helps to measure nation's micro and macro indicators.

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User Aida E
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