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Question
Input-Output analysis is refered to as _________.
Input-Output analysis is refered to as _________.
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Solution
The correct option is A inter-industry analysis
Dr. Wassily W. Leontief, invented the input-output method in 1951 and used it to learn about the inter industry relationships to understand the interdependence and thus the conditions for equilibrium in the economy.
Dr. Wassily W. Leontief, invented the input-output method in 1951 and used it to learn about the inter industry relationships to understand the interdependence and thus the conditions for equilibrium in the economy.
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