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Define the term National Income Accounting.

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This is the term used in economics to refer to book keeping system that the government uses to measure the level of the country’s economic activity in a given period of time. It records the level of activities in accounts such as total revenue earned by domestic co-operations, wages paid to foreign and domestic workers and the amount of money spent on sales and income taxes by co-operations and individuals residing in a country.

Kavungya answered the question on August 10, 2021 at 05:45

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Define the term National Income Accounting.

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