Input-Output Analysis Quiz

Who developed the Input-Output Analysis framework in the 1930s?

• Paul Samuelson

• Wassily Leontief

• Milton Friedman

• John Maynard Keynes

What is the primary purpose of input-output tables in IOA?

• To predict stock market trends

• To represent transactions between economic sectors

• To calculate tax revenues

• To measure consumer satisfaction

How does IOA help policymakers with intersectoral relationships?

• By determining election outcomes

• By anticipating ripple effects of economic changes

• By setting interest rates

• By predicting weather patterns

Which of the following is NOT an application of IOA?

• Economic planning

• Policy evaluation

• Regional planning

• Astronomical research

What is a limitation of Input-Output Analysis?

• It assumes fixed relationships between sectors

• It captures the evolving nature of modern economies

• It is only applicable to small economies

• It assumes dynamic relationships between sectors