The economist responsible for developing the basic concepts of the national income accounting system is
A)John Maynard Keynes.
B)Alfred Marshall.
C)Simon Kuznets.
D)Adam Smith.

Question

Quizplus · Accepted Answer

Simon Kuznets is credited with developing the basic concepts of the national income accounting system, which includes measures such as gross domestic product (GDP) and the calculation of national income. His work in this area was recognized with the Nobel Prize in Economics in 1971. Keynes, Marshall, and Smith are all important economists in their own right, but they did not specifically develop the national income accounting system.

The Economist Responsible for Developing the Basic Concepts of the National