National Income Accounting in Economics: Definition, Uses & Equation

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

What measures the health and activity of the economy?

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1. What does aggregate mean?

2. What equation do economists often use to measure national income accounting?

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About This Quiz & Worksheet

National income accounting in economics is the topics for this quiz and worksheet. Quiz questions will assess what you know about the health of an economy and the definition of aggregate.

Quiz & Worksheet Goals

These assessment tools will teach you to:

  • Calculate national income accounting
  • Identify C in the GDP equation
  • Understand the uses of national income accounting

Skills Practiced

Practice the following skills:

  • Reading comprehension - ensure that you draw the most important information from the related lesson on national income accounting
  • Interpreting information - verify that you can read information regarding how the measure the health of an economy and interpret it correctly
  • Information recall - access the knowledge you've gained regarding the uses of national income accounting in economics

Additional Learning

This lesson will help you to discover national income accounting in economics. The lesson is entitled National Income Accounting in Economics: Definition, Uses & Equation and it covers the following study objectives:

  • Identify and understand GDP
  • Recognize the tenets that make up how to calculate national accounting
  • Be able to apply the formula
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