Who are the economists credited with pioneering National Income Accounting?

CA Foundation · Business Economics · PYQS · September 2025
Who are the economists credited with pioneering National Income Accounting?
(A) A. John Maynard Keynes and Milton Friedman
(B) B. Simon Kuznets and Richard Stone
(C) C. Adam Smith and David Ricardo
(D) D. Paul Samuelson and Joseph Schumpeter

Suggested Answer and Working Notes:

Correct Answer: Option (B)

B. Simon Kuznets and Richard Stone

Topics: Determination of National Income

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