national income accounting

Definition

A recorded aggregate of the national economic activity over a pre-set period of time. The types of economic activity monitored and accounted for might be the profits made by domestic companies, income from taxes and sales, and wages paid to workers.

“ You should try to find a way to break down the national income accounting and see how you can make it work for you. ”

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“ The national income accounting had included a vast amount of data in its function to record all of the economic data. ”

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“ I did not want to try and figure out how national income accounting worked because it was not at all interesting and made me bored. ”

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