The main reason the national income and product accounts were created was to A

Business Dec 23, 2020

The main reason the national income and product accounts were created was to

A. provide businesses with data on the economy.

B. help governments manage the business cycle.

C. test out accounting theory developed during the early 20th century.

D. provide employment for statisticians during the Great Depression.

Expert Solution

Option B. (help governments manage the business cycle) is correct.

This option is correct because managing the business cycle is a crucial task for the government. The government of the country manages the business cycle by creating the national income and product accounts.

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