Provide a coherent and comprehensive picture of the nation’s economy. These accounts measure the total income and output of the entire nation, including households, businesses, not-for-profit enterprises, and different levels of government. The key concepts in the NIPA, the core accounts, measure the total market output and income of the United States (see Young and Tice, 1985; and Kendrick, 1996). For the most important item, see gross domestic product (GDP).
NATIONAL INCOME AND PRODUCT ACCOUNTS (NIPA)
