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AysviL [449]
3 years ago
13

______________ did pioneering work on National Income Accounting at the NBER This was very important along with Wesley Mitchell'

s study of the Business Cycle and Milton Friedman's research on the demand for money..
A. Adam Smith
B. Joseph Schumpeter
C. Torstein Veblen
D. Simon Kuznets
Business
1 answer:
IrinaVladis [17]3 years ago
8 0

Answer:

D. Simon Kuznets

Explanation:

Simon (Smith) Kuznets was born April 30, 1901 in Pinsk, Russian Empire (now Belarus),  he was a Russian American economist and statistician and  a 1971 Nobel Prize winner in Economics. In his work, he stressed the importance of making multiple observations, the limitation of simple models based on a single phase of historical experience, and the complexity of underlying economic data.  According to Kuznets, in order for economic data to provide a healthy model, they should include information on the population structure, the nature of labor, the state structure, trade and markets. suggested. It also examines the cyclical changes in growth rates today called Kuznets cycles and their links to key factors such as population.

The National Bureau of Economic Research, founded in 1920, is a private, non-profit, non-partisan research organization designed to foster a deeper understanding of how the economy works. NBER seeks to conduct and disseminate objective economic research among government officials, business professionals, and the academic community.  Over the years, the NBER research program has embraced a wide range of issues that our society faces. Early research focused on the overall economy, examining in detail the business cycle and long-term economic growth. Simon Kuznets’s pioneering work on national income accounting, Wesley Mitchell’s influential business cycle study, and Milton Friedman’s study of money demand and the determinants of consumer spending were among the first studies conducted by NBER.

In 1931, at the direction of Mitchell,  Kuznets claimed responsibility for NBER's work on U.S. national income accounts. In 1934, the United States national income was estimated for the period 1929–1932; in addition, it was extended until 1919–1938, and then until 1869. Although Kuznets was not the first economist to try this, his work was so comprehensive and thorough that it set the standard in this area.

Kuznets managed to solve many problems, starting from a lack of information sources and bias estimates, and ending with the development of a theoretical concept of national income. Kuznets achieved high precision calculations. His work allowed us to analyze the structure of national income and identify for a detailed study a number of specific problems of the national economy. Improved methods for calculating national income and related indicators have become classics and formed the basis of the modern system of national accounts. After analyzing the distribution of income between different social groups, Kuznets hypothesized that in countries in the early stages of economic development, income inequality primarily increases, but as the national economy grows, it tends to decrease. This was Kuznets curve of “An empirical concept".

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You invested ​$29 comma 000 in two accounts paying 2 % and 5 % annual​ interest, respectively. If the total interest earned for
Korolek [52]

Answer:

Amount invested in account paying 2% = $17,000

Amount invested in account paying 5% =  $12,000

Explanation:

Total amount invested = $29,000

Total Interest earned = $940

Let the amount invested in account paying 2% interest be 'x'

Therefore,

the amount invested in account paying 5% interest will be '$29,000 - x'

Now,

( 2% of x ) + [ 5% of  ( $29,000 - x)] = $940

or

0.02x + 1450 - 0.05x = $940

or

- 0.03x = $940 - $1450

or

- 0.03x = - $510

or

x = $17,000

Hence,

Amount invested in account paying 2% = $17,000

Amount invested in account paying 5% = $29,000 - $17,000 = $12,000

5 0
2 years ago
1. Jay is the owner of TooCan Tan, a luxury spa and tanning salon that caters to individuals who desire the ultimate experience
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Answer:

Sole Proprietorship

Explanation:

Sole proprietorship is a form of business in which all liabilities,risks&responsibilities(especially in financial aspect) are being borne by a single individual.The individual may not necessarily be the operational entity in the business as he/she in question can employ employees he/she so desires,but when it comes to structuring,legality&sensitive decisions affecting the business,it is borne solely by the individual.This form of business is devoid of partnership,which explains why the demise of the owner is likely to bring an end to the business.

6 0
3 years ago
Dukelow Corporation has two divisions: the Governmental Products Division and the Export Products Division. The Governmental Pro
Sever21 [200]

Answer:

c) $28,200

Explanation:

Calculation for What is the company's net operating income (loss)

Governmental products division's divisional margin segment $41,300

Add Export Products Division's divisional segment margin $93,700

Total divisional segment margin $135,000

($41,300+$93,700)

Less Common fixed expenses not traceable to the individual divisions ($106,800)

Company's net operating income $28,200

($135,000-$106,800)

Therefore the company's net operating income is $28,200

6 0
2 years ago
Suppose that the revenue y from selling x units of a certain commodity is given by the formula y equals 4 x. ​(Revenue is the am
Harlamova29_29 [7]

Answer:

The x-coordinate of the intersection point represents the number of units for which the profit is 0.

Explanation:

The given revenues function is

y=4x

The cost function is

y=2x+4000

It is given that graph of both function intersect each other at (2000,8000).

Intersection point of cost and revenues function represents that the total cost and total revenue are equal.

Profit = Total revenue - Total cost

Profit = TR - TC

Profit = TR - TR                      (TR=TC)

Profit = 0

The x-coordinate of the intersection point represents the number of units for which the profit is 0.

x-coordinate of the intersection point = 2000

The profit is 0 if the number of units is 2000.

6 0
2 years ago
Which forecasting technique involves analysts using the aggregate opinion of expert panelists, along with justified reasoning, t
Zepler [3.9K]

Answer:

The case involves analysts using the aggregate opinion of expert panelists.

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2 years ago
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