### Leontief input output model-real world applications

Assignment Help Mathematics
##### Reference no: EM13125239

1. Why did Leontief use linear algebra techniques to create his model? Can you think of alternative methods?

2. What are the main strengths of his model?

3. Does it have any limitations (that you can think of)?

4. How might the Input-Output model be useful in the real world? (In other words, would anyone except an Economist be interested in the results?)

#### Questions Cloud

 Subsidiary organization-creation of a business combination : How does a parent company account for a subsidiary organization in the years that follow the creation of a business combination? How many molecules of ethanol are present : How many molecules of ethanol (C2H5OH) (the alcohol in alcoholic beverages) are present in 165 mL of ethanol? Density of ethanol is 0.789g/cm3 ? Explain making a dilute solution : Making a dilute solution, A student in lab class needs to provide a detailed description of how to make a dilute solution of 500 g Find probability density-cumulative distribution function : Month is uniformly distributed between 2 and 12. Find the probability density function and the cumulative distribution function of x. Leontief input output model-real world applications : Why did Leontief use linear algebra techniques to create his model? Can you think of alternative methods? What are the main strengths of his model? Accumulated depreciation for the asset : Moped, Inc. purchased machinery at a cost of \$22,000 on January 1, 2011. The expected useful life is 5 years and the asset is expected to have salvage value of \$2,000. Moped depreciates its assets via the double-declining balance method. Explain molarity of sodium carbonate : Molarity of sodium carbonate, How many grams of primary standard grade sodium carbonate are necessary to prepare 2.00 L Linear algebra-orthogonality and projection : Find the point P on the line passing through both the origin and the point 1,1,1 that is closest to the point 2,4,4. Then find the point q on the line passing through both the origin and the point 2,4,4 Straight-line amortization problem : The annual interest rate is 8%. What is the amount of taxable interest income that Karen should report for 2010, and the adjusted basis for the bonds at the end of 2010, assuming straight-line amortization is appropriate?

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