Identify the Correct Statement

Identify the correct statement.

A) National income accounting measures only the flow of output between the different sectors of the economy.
B) National income accounting summarizes the level of production in an economy over a decade.
C) National income accounting explains diagrammatically the flows of goods and services and of money expenditures (income) .
D) National income accounting summarizes and categorizes the productive activity in an economy over a year.
E) National income accounting measures the total money supply in the economy.

Correct Answer:

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