1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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".

You might be interested in
A business maintains subsidiary accounts for each of its customers. on may 15, the business sells services on account: $2,500 to
Andreyy89
A number that can be added but idk do u know because im bored and have home work and all fs so i need help im home schooled


7 0
3 years ago
A study of an association between which ear is used for cell phone calls and whether the subject is​ left-handed or​ right-hande
Mandarinka [93]

Answer:

14.34%

Explanation:

To find the percentage of returned surveys over the total we divide and then multiply:

(717/5000)*100= 14.34%

The response rate appears to be low because it is less than 50% (which would be 2500 return surveys). Some statistical studies agree that 30 is the minimum number of observations a study must have, but this number does not ensure statistically significant results.  

The problem with a very low response rate is that survey´s answers does not significant represent the study population characteristics and so we cannot make inferences, correlations or regressions that are statistically significant. In this case, the conclusions that scientists make about association between the left-handed population and right-handed population with the use of cell phone calls could be wrong or not represent the population characteristics, which means answers are not trustful.  

8 0
3 years ago
Douglas County sought bids for a construction project. Robert Taggart wanted to submit a bid but knew the project needed rock. H
Jet001 [13]

Answer:

No, there is no contract between the two parties because of withdrawal of offer (Revocation) before the acceptance of the other party.

Explanation:

When one party offers another party and after some time the offer maker withdraws the offer by communicating that they had revoked then the offer is no more available to the other party and is often termed as Revocation. So when the offer maker revokes before the acceptance of the offer by the other party then their is no offer at consideration to the other party, which means if there is no offer then their can not be an acceptance of an offer and of course when there is no acceptance then there is no contract.

The communication of revocation was held before the acceptance of the offer of the other party which agains says that the contract was not actually formed.

4 0
3 years ago
Which war is tim o briens ambush based on
ollegr [7]
The Things They Carried is a collection of short stories by Tim O'Brien, about a platoon of American soldiers in the Vietnam War.
3 0
3 years ago
Ethical standards in business are principles or codes for how a business conducts itself with ___, customers, and the public.
k0ka [10]

Answer:

B. Employees

Explanation:

3 0
3 years ago
Read 2 more answers
Other questions:
  • Material 1 costs $7 a pound, material 2 costs $5 a pound, and labor costs $15 per hour. Product A sells for $101 a unit, product
    12·1 answer
  • 31) Owen expects to receive $30,000 at the end of next year from a trust fund. If a bank loans money at an interest rate of 8.2%
    13·1 answer
  • Which of the following is a SMART goal for Noah's food drive project?
    7·2 answers
  • The communication advantages of social media use by businesses can best be summarized as _____.productivitydistractionself-promo
    8·1 answer
  • Ralph Watkins owns a large home on a two-acre lot in Tempe, Arizona. Watkins has much of the lot covered with tiff grass and is
    10·1 answer
  • Baldwin has a new design for their product Bill next round that can reduce their material cost of producing units from $8.14 to
    15·1 answer
  • A business-level strategy addresses: Group of answer choices how a business should define its mission and vision. how an organiz
    6·1 answer
  • During fiscal 2014, BlackBerry Limited wrote down its BB10 smartphone inventory by approximately $1,700,000,000 because its cost
    12·1 answer
  • Your parents have made you two offers. The first offer includes annual gifts of $4,000, $4,500, and $5,200 at the end of each of
    12·1 answer
  • Equipment that cost $54,000 and had $30,000 of accumulated depreciation was disposed of for $27,000 cash. The entry to record th
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!