ECO448 Email: bbcnoun@gmail.com Whatsapp: 08131667008 Transfers in SAM Answer: represent monetary flows which exist between the various institution accounts Limitation of linear programming Answer: it is not easy to define a specific objective function Under input-output analysis Answer: value added refers to payments to the factors of production In linear programming a definite objective is set to Answer: to maximize income or minimize costs. SAM in Linear Programming means Answer: social accounting matrix Planning models include Answer: macroeconomic, multi-sectoral & inter-industry model The input-output analusis was invented by Answer: w. leontief Saving is mainly a function of Answer: income Select the odd one out of the limitation of CGE Answer: minimum numbers of parameters and elacticities One of the ways less developed economies can develop is Answer: through fdi The linear programming was originally designed for the Answer: usa air force Uses of input-output analysis include all except Answer: provide individual branches of the economyâ€~s estimates of production and investment-savings levels (SSPM) and (CMSPM) respectively mean Answer: single sector project model and complete main sector planning model (cmspm) For a plan to survive Answer: it should have a level of feasibility and consistency Linear Programming is a mathematical device developed by the mathematician Answer: george dantzig in 1947 In SAM, end consumption covers Answer: household and state expenditure on food, non-food products and services for end consumption. Which is the correct statement about statistical data Answer: it is essential to planning Acording to M.L. Jhingan, (2011) Answer: planning model is a series of mathematical equations which help in the drawing up of a plan for economic development The Harrod-Domar Model specifically emphasized on capital basically Answer: savings and investment Which of these statement is true about the Harrod-Domar model? Answer: according to the harrod-domar model, the less developed countries does not have sufficient savings & capital Email: bbcnoun@gmail.com Whatsapp: 08131667008