Question

Who is responsible for determining the North American Industry Classification System (NAICS) code?

1) The United States Census Bureau
2) The Internal Revenue Service (IRS)
3) The North American Free Trade Agreement (NaFTA)
4) The United States Department of Labor

Answer 1

The United States Census Bureau is responsible for determining the NAICS code, aiming to provide a consistent framework for economic analysis in North America.

Step-by-step explanation:

The entity responsible for determining the North American Industry Classification System (NAICS) code is the United States Census Bureau. The NAICS system is used to classify and measure economic activity in the North American industry.

The Census Bureau works in collaboration with Statistics Canada and Mexico's Instituto Nacional de Estadística y Geografía to ensure that the NAICS remains a relevant and consistent system of economic analysis.