Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
Government financial statistics do not use definitions and concepts of SNA
Question 2Answer
True
False
Expert Solution
Step 1: Define SNA
The System of National Accounts (SNA) is a statistical framework that provides a comprehensive, consistent and flexible set of macroeconomic accounts for policymaking, analysis and research purposes. It has been produced and is released under the auspices of the United Nations, the European Commission, the International Monetary Fund, the Organisation for Economic Co-operation and Development (OECD), and the World Bank.
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