Question

Which of the following government agencies estimates and compiles the U.S. GDP accounts?

A
The American Economic Association
B
The Federal Reserve System
C
The Bureau of Economic Analysis
D
The Bureau of Labor Statistics

Answer 1

The Bureau of Economic Analysis (BEA) estimates and compiles the U.S. GDP accounts by piecing together estimates from various sources.

Step-by-step explanation:

The government agency that estimates and compiles the U.S. GDP accounts is The Bureau of Economic Analysis (BEA). It is part of the U.S. Department of Commerce and is responsible for measuring economic growth and performance in the United States.

Statisticians measure GDP by piecing together estimates from various sources, such as surveys, government reports, and financial data. The BEA uses this information to calculate the total value of goods and services produced in the country.

The Bureau of Economic Analysis is a trusted source of economic data and provides valuable insight into the state of the U.S. economy. It plays a crucial role in understanding and measuring the nation's economic health.