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Definition of National Accounts

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Definition: National accounts are a measure of macroeconomic categories of production and purchase in a nation. The production categories are usually defined to be output in currency units by various industry categories, plus imports. (Output is usually approximately the same as industry revenue.) The purchase categories are usually government, investment, consumption, and exports, or subsets of these. The amount produced is supposed to be approximately equal to the amount purchased. Measures are in practice made by national governments. (Econterms)

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