briefly explain the importance of measuring national accounts
Answers
National accounts or national account systems (NAS) are the implementation of complete and consistent accounting techniques for measuring the economic activity of a nation. Economic data from national accounts are also used for empirical analysis of economic growth and development.
Explanation:
National accounts or national account systems (NAS) are the implementation of complete and consistent accounting techniques for measuring the economic activity of a nation. ... Economic data from national accounts are also used for empirical analysis of economic growth and development.
Their measurement in the SNA and the explicit reporting of the NPI figures are important functions to improve economic statistics and provide policy, business, and civic leaders with information that will help them to make decisions.