According to Nobel Laureate Simon Kuznets,the greatest increase in output and economic growth comes from changes in the _____.
A)quantity of resources
B)quantity of natural resources (land)
C)quantity of labor
D)quality of resources
E)quantity of capital

Question

Quizplus · Accepted Answer

According to Kuznets, the greatest increase in output and economic growth comes from changes in the quality of resources. This means that improvements in technology, education, and the overall efficiency of resources can lead to significant economic growth. Quantity of resources or natural resources (land) can also have an impact, but quality is considered to be the most important factor. Labor and capital are important inputs, but their contribution to economic growth is limited without improvements in the quality of resources.

According to Nobel Laureate Simon Kuznets,the Greatest Increase in Output