In his tests, Leontief used an input-output table to
A) calculate the capital and labor required to produce $1 million of U.S. exports and imports.
B) calculate the labor productivity of American workers relative to foreign workers.
C) calculate the capital productivity of American capital relative to foreign capital.
D) All of the above.
A
You might also like to view...
Extremely rapid rates of money growth are usually the result of:
A. sharp increases in productivity. B. rapid population growth. C. large government budget deficits. D. excessively high interest rates.
Which of the following countries has the highest Gini ratio, as of 2011?
A. Italy. B. United States. C. South Africa. D. Mexico.
If the opportunity costs of producing a good increase as more of that good is produced, the economy's production possibility frontier will be
A. a negatively sloped straight line. B. negatively sloped and "bowed inward" toward the origin. C. negatively sloped and "bowed outward" from the origin. D. a positively sloped straight line.
A maximin strategy will maximize the maximum payoff that can be earned.
Answer the following statement true (T) or false (F)