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International Political Economy
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Question:
Use of Input-Output Analysis
Author: Angelie BayabanAnswer:
Input-output model analyzes the physical quantities produced and consumed in each industry and thus determines the resource allocation to reach the balance. contrasts with the material-balances planning method. The latter method counts the raw materials and inputs available in an economy. It then balances the inputs with the output targets of each industry respectively through a balance sheet.
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