Question 1

In input-output analysis,____ shows the number of units of any industry's output needed to produce one unit of another industry's output.
A)the transaction matrix
B)The technical coefficients
C)non negativity constrains

Accepted Answer

The technical coefficients in input-output analysis represent the number of units of any industry's output required to produce one unit of another industry's output. These coefficients are essential for understanding the interdependencies between different sectors of an economy.

Question 2

In input-output analysis,____ is obtained by dividing the input of the desired sector by the total output of the same sector.
A)the transaction matrix
B)a technology coefficient
C)non negativity constrains

Accepted Answer

A technology coefficient in input-output analysis represents the direct inputs required to produce one unit of output in a sector, calculated by dividing the input of the desired sector by the total output of the same sector.

Question 3

In input-output analysis,if the exogenous sectors of the open input output model is absorbed in to the system as just another sector _____
A)the transaction matrix
B)a technology coefficient
C)Leontief closed model

Accepted Answer

When the exogenous sectors of the open input-output model are absorbed into the system as just another sector, it transforms into the Leontief closed model. This approach integrates all sectors, including previously exogenous ones, into the interdependent framework, allowing for a comprehensive analysis of the economy's internal structure.

Question 4

In an input-output matrix, the element ____shows the input industry II takes from industry I.
A)a12
B)a21
C)a11
D)a22

Accepted Answer

The answer of In an input-output matrix, the element ____shows...

Quiz 6: Economics and Linear Programming: Understanding Concepts and Terminologies

In input-output analysis,____ shows the number of units of any industry's output needed to produce one unit of another industry's output.

In input-output analysis,____ is obtained by dividing the input of the desired sector by the total output of the same sector.

In input-output analysis,if the exogenous sectors of the open input output model is absorbed in to the system as just another sector _____

In an input-output matrix, the element ____shows the input industry II takes from industry I.