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select all of the benefits of national income accounting. multiple select question. determines the appropriate level of government control tracks the long-run course of the economy enables formulation of policies to improve or safeguard the economy's health assesses the health of the economy
select all of the benefits of national income accounting. multiple select question. determines the appropriate level of government control tracks the long-run course of the economy enables formulation of policies to improve or safeguard the economy's health assesses the health of the economy
The benefits ofnational income accountingare as follows:A: Determines the appropriate level of government controlB: Tracks the long-run course of the economyC: Enable the formulation of policies to improve or safeguard the economy's healthD: Assesses the health of the economyThe national income accounting provides governments with data that can be used toformulate policiesaimed at improving or safeguarding the economy's health. This involves assessing the economic performance of various sectors, such as manufacturing, agriculture, and service industries, to identify areas that need improvement.The national income accounting enables governments to track the long-run course of the economy. This involvesanalyzing trendsin economic growth, employment, and productivity over time. By doing so, governments can predict the future of the economy and make informed decisions to improve economic performance.The national income accounting helps assess the health of the economy by measuring the country's total output of goods and services, known as theGross Domestic Product (GDP).By analyzing the GDP data, governments can determine whether the economy is growing, stagnating, or contracting, which is essential for formulating policies to promote economic growth.The national income accounting helps determine the appropriate level of government control over the economy. By analyzing the data oneconomic performance, governments can decide whether to increase or decrease government intervention in the economy to achieve economic growth and stability.Options A, B, C and D all are correct answersYou can learn more aboutnational income accountingatbrainly.com/question/13404236#SPJ11...