Consider the following statements– The study of national income accounts is of great importance because it1. reveals the changes in the size and composition of the national product.2. provides us with information about the distribution of national income in the society among various groups.3. reveals the manner in which national expenditure is divided between consumption Of these statement

National income accounting is a government bookkeeping system that measures a country's economic activity - offering insight into how an economy is performing. Such a system will include total revenues by domestic corporations, wages paid, and sales and income tax data for companies.