Kuznets Was Honored for His Contribution to Economics with the Nobel

question 15

Multiple Choice

Kuznets was honored for his contribution to economics with the Nobel Prize,largely on the basis of his contributions to the GNP measure.In particular,Kuznets was cited for

• A) quantifying a measure that had previously been largely impressionistic.
• B) recognizing that products have a higher economic value than services.
• C) revealing that the nation's GNP was higher, even during the Depression, than anyone had supposed.
• D) finding a way to include child care and other domestic services in the measure of GNP.
• E) traffic violations, bootlegging, and tax evasion.

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Definitions:

Nativists

Individuals or groups advocating for the protection of native inhabitants against the influences and competition of immigrants, often emphasizing anti-immigrant policies and sentiments.

Immigrants

Individuals who move from one country to another with the intention of settling there, often for reasons such as employment, education, or to escape conflict.

Corporate Charters

Official documents issued by a government, granting rights and privileges to a corporation to conduct business.