According to Simon Kuznets,_____.
A)the main force behind economic growth is increases in the quantity of labor
B)the main force behind economic growth is increases in the quantity of capital
C)the main force behind economic growth is increases in the quality of inputs
D)government regulations increase labor productivity
E)government regulations decrease labor productivity

Question

Quizplus · Accepted Answer

Simon Kuznets believed that the main force behind economic growth is increases in the quality of inputs, such as improvements in technology, education, and training. This is known as "quality of inputs" growth, as opposed to "quantity of inputs" growth (i.e. increases in the number of labor and capital). Kuznets also acknowledged the role of government in promoting investment in human capital and technological innovation.