New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Who was the inventor of the concept Gross Domestic

    Product (GDP)?
    A Mozes Abrmovitz Correct Answer Incorrect Answer
    B Simon Kuznets Correct Answer Incorrect Answer
    C Arthur Okun Correct Answer Incorrect Answer
    D Robert Summers Correct Answer Incorrect Answer
    E Mahbub Ul HuQ Correct Answer Incorrect Answer

    Solution

    The first basic concept of GDP was invented at the end of the 18th century. The modern concept was developed by the American economist Simon Kuznets in 1934 and adopted as the main measure of a country's economy at the Bretton Woods conference in 1944.

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