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

Question

Quizplus · Accepted Answer

Kuznets emphasized the importance of improvements in the quality of resources, including technological advancements and better human capital, as key drivers of economic growth.

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