Podcast
Questions and Answers
What is the basis of the input-output analysis technique?
What is the basis of the input-output analysis technique?
- The inter-relationships between sectors (correct)
- The relationship between input and output
- The forecast of output
- The various sectors of the economy
What can be predicted using input-output analysis?
What can be predicted using input-output analysis?
- The various sectors of the economy
- The input requirement (correct)
- The behavior of the sectors in the future
- The final output
Which sectors can be used to predict the coal requirement of the country?
Which sectors can be used to predict the coal requirement of the country?
- Industry and transport
- Transport and household
- Industry and household
- All of the above (correct)
What does input-output analysis yield?
What does input-output analysis yield?
Why is input-output analysis widely used for forecasting business events?
Why is input-output analysis widely used for forecasting business events?
Flashcards
What is input-output analysis based on?
What is input-output analysis based on?
The inter-relationships between different sectors of an economy.
What can input-output analysis predict?
What can input-output analysis predict?
It can predict the amount of input needed by a sector to produce a certain output.
How can input-output analysis be used to predict coal requirements for a country?
How can input-output analysis be used to predict coal requirements for a country?
Input-output analysis can be used to predict the coal requirement in a country by considering the coal usage of all economic sectors.
What does input-output analysis yield?
What does input-output analysis yield?
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Why is input-output analysis widely used?
Why is input-output analysis widely used?
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Study Notes
Input-Output Analysis Technique
- The basis of input-output analysis is the interdependence of different sectors of an economy.
Predictions and Applications
- Input-output analysis can be used to predict the effects of changes in one sector on other sectors, as well as the overall economy.
- It can also be used to predict the coal requirement of a country by analyzing the energy requirements of various sectors, such as industry, transportation, and residential sectors.
Output of Input-Output Analysis
- Input-output analysis yields a detailed picture of the interdependencies between different sectors, including the flow of goods and services between them.
Advantages of Input-Output Analysis
- Input-output analysis is widely used for forecasting business events because it provides a comprehensive understanding of the economy, allowing for better decision-making and policy planning.
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