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National income accounts are a set of statistical measures that track a country's economic performance by quantifying the total income earned by residents and the total expenditure on the nation's output of goods and services. These accounts help assess economic health by providing insights into growth rates, inflation, and standard of living. They include key indicators such as Gross Domestic Product (GDP), Gross National Product (GNP), and Net National Income (NNI). Ultimately, national income accounts assist policymakers, economists, and researchers in making informed decisions and analyzing economic trends.

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6d ago

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