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SSC CHSL 2019 PYQ — Question 34

SSC CHSL - 4th July 2019 - Shift 3 • General Awareness • Q34

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Name the Nobel Prize-winning American economist whose report to the US Congress titled “National Income, 1929-35" paved the way for the calculation of Gross Domestic Product (GDP) as the ultimate measure of a country’s overall welfare. 

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Correct answer: B

Explanation

The correct answer is option 2 i.e. Simon Kuznets.

Name the Nobel Prize-winning American economist whose report to the US Congress titled “National Income, 1929-35" paved the way for the calculation of Gross Domestic Product (GDP) as the ultimate measure of a country’s overall welfare.

Simon Kuznets

Who was Simon Kuznets?  
  • He was an American economist and statistician who received the 1971 Nobel Memorial Prize in Economic Sciences.
  • Kuznets made a decisive contribution to the transformation of economics into an empirical science and to the formation of quantitative economic history.