National income accounting

Reference no: EM13205118

In the circular flow economy as well as to Government and Foreign Sector components, in case of National Income Accounting, we need to understand how consumers and businesses behave because it helps understand the needs and requirements as well as changes in the consumer and business behavior and this helps in the process of understanding the norms and methods that are to be used for the purpose of helping in income and national growth. In this way it becomes essential as well as possible or economies and the Government and they can then ensure better measures to restore the economy. What might some of these measures be?

Reference no: EM13205118

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