search query: @author Nordhaus, W. / total: 4
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| Author: | Nordhaus, W. |
| Title: | New directions in national economic accounting |
| Journal: | American Economic Review
2000 : MAY, VOL. 90:2, p. 259-263 |
| Index terms: | ECONOMICS ACCOUNTING NATIONAL INCOME |
| Language: | eng |
| Abstract: | The national income and product accounts (NIPA) are the most important measures of overall economic activity for a nation. Much as a satellite in space can survey the weather across an entire continent, so can the GDP give an overall picture of the state of the economy. Nevertheless, since their inception, there have been concerns that the accounts are incomplete and misleading because they omit vast continents of nonmarket activity such as unpaid work, the value of leisure time, investment in human capital, and most recently, the environment. |
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