I. Explain how the National Income and Product Accounts, NIPA, could be traced to the great work of John Maynard Keynes in, The General Theory of Employment, Interest and Money.
ii. What is the indicator status of the Private Nonresidential Fixed Investment? Explain.
iii. What is the indicator status of Business Permits and Housing Starts? Explain.
iv. Which of the two economic indicators above is preferable? Why