National Income Accounting and Public Policy

  title={National Income Accounting and Public Policy},
  author={Randall G. Holcombe},
  journal={The Review of Austrian Economics},
  • R. Holcombe
  • Published 1 December 2004
  • Economics
  • The Review of Austrian Economics
Modern national income accounting was designed in the early 20th century for the purpose of providing improved indicators about the performance of the economy so that government policy makers could better control the economy. The way that performance is measured affects the types of policies used to try to accomplish policy goals. Two attributes of national income accounting are analyzed for their effects on economic policy. First, government production is included in the national income… 

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