national income and product accounting; refers to the formal system of measuring capital accounts, current accounts, and gross domestic product.

National income and product accounting is the centerpiece of national economic
accounting in the United States. The NIPA's show the real and nominal value of output, the composition of output, and the distribution across types of income generated in its production.

Abraham & Mackie, *Beyond the Market,* p.40
by Abu Yahya February 14, 2009
Top Definition
A very happy noise that cute little anime girls make.
"It's so cute! NIPAAAA!"

"I like soy sauce! NIPAAA!"
by cottncandykoala March 30, 2010
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