what government purchases are included in national income accounting 
national income accounting includes government purchases such as any federal state or local government spending government purchases include infrastructure spending such as buying steel for a project and paying employees however transfer payments such as social security payments are not included the bottom linenational income accounting assesses the economic activity of a nation from wages to corporate revenues to taxes and more the information allows policymakers economists and investors to make decisions in their respective fields based on the data analyzed without understanding the economic data of a nation it would be hard for policymakers to adjust monetary policy for example for investors to gauge where stocks may move and for economists to understand how economic factors impact all facets of life 