Suppose the technology matrix for a closed model of a simple economy is given by matrix A.
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Suppose the technology matrix for a closed model of a simple economy is given by matrix A. Find the gross productions of the industries.
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NP H 0.4 0.3 0.4 Profit A = 0.2 0.4 0.2 Nonprofit 0.4 0.3 0.4 Households
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The technological equation is I AX 0 The augmented matrix to be solve...View the full answer
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Related Book For
Mathematical Applications For The Management, Life And Social Sciences
ISBN: 9781337625340
12th Edition
Authors: Ronald J. Harshbarger, James J. Reynolds
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