Economics · Mathematical Economics - Input-Output Analysis
In the open-static input-output model: (i) Labour is treated as a primary input. (ii) The input coefficients are fixed. (iii) Cramer's rule can be applied for solution. (iv) Final consumption vector is given endogenously. Choose the correct option:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1All of the above
- 2(i) and (ii)
- 3(i), (ii) and (iv)
- 4(i), (ii) and (iii)✓
Correct answer
(i), (ii) and (iii)
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