"The book assumes no previous knowledge of either economics or national accounting. Beginning with an overview of the entire structure of the new system of accounts, both for flow transactions and their derived balancing items and also for stocks of economic assets and liabilities, Dudley Jackson explains the system's main balancing item - gross value added - and its relation to gross domestic product, to final expenditures, to primary incomes and to transfer payments.

The book concludes by explaining the accumulation accounts and the resulting 'wealth of the nation' as recorded in the new system's balance sheets." "The New National Accounts will be essential reading for both students and practitioners concerned with macroeconomics, economic policy, national accounting and comparative studies of the economic performance of advanced and developing countries."--BOOK JACKET.