Discussion
Input-Output Technique was invented by
Answer: B
The Input-Output technique was invented by Wassily Leontief, who won the Nobel Prize in 1973 for it. The method sets out the interdependence of the sectors of an economy in a table of flows.
Gunnar Myrdal worked on development and cumulative causation, Chenery on development patterns and Robert Solow on growth theory, so they are not the inventors. Leontief's table lets an analyst trace how a change in demand for one sector's output spreads through the other sectors that supply it with inputs.
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