Question: a ) Define the following terms in relation to input - output analysis; i ) Technical coefficients. ii ) Intermediate demand. iii ) Close input
a Define the following terms in relation to input output analysis;
i Technical coefficients.
ii Intermediate demand.
iii Close inputoutput model.
b Name any two assumptions of input output analysis.
c Technological matrix for a two sector economy is given by
The final demand forecast is approximately Sh million
for sector A and Sh million for sector B Calculate the total worth of primary
inputs.
d Minimize:
Subject to:
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
