Chapter 2
Expanding the conceptual foundation, scope, and relevance of the US national accounts: the intersection of theory, research, and measurement
J. Steven Landefeld
Consultant and Senior Adviser to the Bureau of Economic Analysis, Huntingtown, MD, United States
Abstract
This chapter describes the evolution of the US National Accounts with a focus on the intersection of measurement, theory, and economic research. The evolution and durability of National Accounts as the mainstay of macroeconomic analysis and policy stems from the measurement of the US economy across factors of production, industries, products, and geography within a theoretically consistent, comprehensive, unduplicated, double-entry system of economic accounts. ...
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