National Health Accounts and System of National Accounts

Flashcards summarizing key concepts from the lecture on the System of National Accounts.

What does SNA stand for?

SNA stands for System of National Accounts.

What are the main components of the System of National Accounts (SNA)?

The main components include economic activities, flows of assets, and the interaction between economic agents.

What is the purpose of the System of National Accounts?

It provides a coherent, consistent framework for compiling and analyzing macroeconomic data.

What does the production boundary refer to in the SNA?

It defines the scope of production activities that are counted within the accounts.

What are the three groups of accounts in the SNA?

1. Current accounts, 2. Accumulation accounts, 3. Balance sheets.

What is recorded in the current accounts of the SNA?

The production of goods and services, income generation, and distribution and use of income.

What do accumulation accounts in the SNA track?

The acquisition and disposal of financial and non-financial assets.

What is the significance of balance sheets in the SNA?

They show the values of stocks of assets and liabilities at the beginning and end of an accounting period.

What are supply and use tables used for in the SNA?

They record the origin of goods and services and their allocation for various uses.

How does the SNA aid in economic policy-making?

It provides data that informs forecasts about economic behavior and assists in formulating economic plans.