Question:

How many persons were awarded the Nobel Prize in Economic Sciences in 2018 (Note:- DO NOT include spaces in your answer)

Updated On: Jul 16, 2026
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Correct Answer: 2

Approach Solution - 1

Step 1: Identify the exact award year and category → The question is about the Nobel Prize in Economic Sciences for 2018.
Step 2: Clarify the formal title → This prize is formally called “The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel”, awarded by the Royal Swedish Academy of Sciences.
Step 3: Recall the 2018 laureates → In 2018, two individuals were awarded: William D. Nordhaus and Paul M. Romer.
Step 4: Note their contributions → William Nordhaus was honored for integrating climate change into long-term macroeconomic analysis; Paul Romer was recognized for integrating technological innovation into long-term macroeconomic analysis.
Step 5: Count the number of awardees → Since two distinct persons received the award in 2018, the total number is 2.
Step 6: Cross-check with Nobel trends → It is common for the Economics prize to be shared between two or three people; 2018 was specifically a two-person year.
Step 7: Apply formatting rule → The question instructs that the answer must not include spaces; the digit “2” already meets this condition.
Final Answer: 2
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Approach Solution -2

Instead of recalling the count directly, it helps to look at the citation the Nobel committee gave for the 2018 Economic Sciences prize, since that explains how many distinct contributions were being honoured.

The 2018 prize recognised two separate strands of work in long-term macroeconomic analysis: one for integrating climate change into growth models, and another for integrating technological innovation into growth models. Because these were credited to two different economists working independently on their respective strands, William Nordhaus for climate-linked growth analysis and Paul Romer for innovation-driven growth analysis, the prize was split between exactly two people.

the correct answer is 2.

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