Simon Kuznets won the Nobel Prize in part for his contribution to
A) the national income and product accounts system.
B) the theory of business fixed investment.
C) the theory of residential fixed investment.
D) the government budget identity.
E) b and c.

Question

Quizplus · Accepted Answer

Simon Kuznets was awarded the Nobel Prize in Economic Sciences in 1971 for his empirically founded interpretation of economic growth which has led to new and deepened insight into the economic and social structure and process of development. A significant part of his contribution was the development of the national income and product accounts system, which helps in understanding the overall economic activity of a country.

Simon Kuznets Won the Nobel Prize in Part for His