Question

The agency that maintains the National Income and Product Accounts (NIPA) is ____________ .

the U.S. Department of the Treasury.
the U.S. Department of the Interior.
the U.S. Department of Defense.
the U.S. Department of Commerce.

Answer 1

The U.S. Department of Commerce, through the Bureau of Economic Analysis, maintains the National Income and Product Accounts which provide important economic data including the GDP. Option 4 is correct.

Step-by-step explanation:

The agency that maintains the National Income and Product Accounts (NIPA) is the U.S. Department of Commerce, specifically through its Bureau of Economic Analysis (BEA). The NIPA tables provide valuable data on the economic activities of the United States, such as the gross domestic product (GDP) and components of income and product accounts. This information is critical for economists, policymakers, and businesses to understand the performance of the economy.

The agency that maintains the National Income and Product Accounts (NIPA) is the U.S. Department of Commerce.

The U.S. Department of Commerce, specifically the Bureau of Economic Analysis, is responsible for producing and maintaining the NIPA. The NIPA is a comprehensive accounting system that measures the overall economic activity of the United States, including GDP, personal income, and government expenditures.