1945

NTA and the macro economy

The purpose of this chapter is to explain how NTA aggregate flows can be constructed using data from the System of National Accounts (SNA). This is very important because it insures consistency with SNA, the mainstay for describing the aggregate economy. NTA and SNA have different purposes and conceptual frameworks, however. Some NTA variables, particularly related to private transfers, have no direct counterpart in SNA. Many NTA flows are identical to or can be can be constructed from SNA data.

Related Subject(s): Economic and Social Development
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