National Income Accounting,
National Income Accounting means,
National Income Accounting can be defined as, The National Income Account is an accounting system used by the government to measure the level of economic activity in a country over a specific period of time. These accounting records include data on the gross income of national companies, the salaries of foreign workers and families, and the amount spent on sales and income tax by state and residential companies.
- The National Income Account is a system of government accounts that measures a country's economic activity and provides information on the performance of the economy.
- The system includes data on the national company's total revenue, paid salaries and the company's sales and taxes.
- Using the national income calculation system, countries can assess the current population standards or the distribution of income in the population, as well as the impact of different economic policies.
- However, the analysis of the National Income Account is as accurate as the data collected.
Literal Meanings of National Income Accounting
Meanings of National:
Citizens of some countries who are generally entitled to a passport from that country.
National competitions or tournaments.
About the same nation or characteristics of the whole nation.
Sentences of National
A German citizen
This policy may be in the national interest
Synonyms of National
state, native, public, citizen, governmental, inhabitant, subject, federal, resident
Meanings of Income:
Paid regularly, especially for work or through investment.
Sentences of Income
He has a good house and a good income
Synonyms of Income
wages, earnings, remuneration, pay, stipend, emolument, salary
Meanings of Accounting:
The process or process of maintaining financial accounts.
Sentences of Accounting
Alleged illegal accounting investigation
Synonyms of Accounting
pecuniary matters, investment, commerce, money management, money matters, business, banking, fiscal matters, economics, financial affairs, accounting