Which of the following are true about the Input-Output Model in economics? A) It is used to model the flow of goods and services in an economy. B) The model assumes that the relationship between sectors is non-linear. C) The Leontief Input-Output Model is based on the assumption of fixed coefficients. D) The model can be used to predict the total output required from each sector to meet final demand.
1
A and C only
2
A, B, and C only
3
A and D only
4
All of the above