A simple closed economy has the technology matrix A. Find the total outputs of the four sectors

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A simple closed economy has the technology matrix A. Find the total outputs of the four sectors of the economy.

Ag S F H 0.25 0.25 0.3 0.1 Agriculture 0.3 0.25 0.2 0.4 Steel A = 0.15 0.2 0.1 0.3 Fuel L0.3 0.3 0.4 0.2 Households

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Mathematical Applications For The Management, Life And Social Sciences

ISBN: 9781337625340

12th Edition

Authors: Ronald J. Harshbarger, James J. Reynolds

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Question Posted: Oct 08, 2020 07:19 AM

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A simple closed economy has the technology matrix A. Find the total outputs of the four sectors

Question:

Ag S F H 0.25 0.25 0.3 0.1 Agriculture 0.3 0.25 0.2 0.4 Steel A = 0.15 0.2 0.1 0.3 Fuel L0.3 0.3 0.4 0.2 Households

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The GaussJordan method must be used since the equation is I AX 0 We begin with the augmented ...View the full answer

Mathematical Applications For The Management, Life And Social Sciences

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