Economics · Input-Output Analysis
If (I − A)−1 exists in an input-output model, it implies that:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The number of sectors equals the number of primary factors
- 2All industries are operating at constant returns to scale
- 3The economy has a unique and feasible output solution✓
- 4There is always excess demand in the economy
Correct answer
The economy has a unique and feasible output solution
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