Question: a ) Define the following terms in relation to input - output analysis; i ) Technical coefficients. ii ) Intermediate demand. iii ) Close input

a) Define the following terms in relation to input - output analysis;
i) Technical coefficients.
ii) Intermediate demand.
iii) Close input-output model.
b) Name any two assumptions of input - output analysis.
c) Technological matrix for a two sector economy is given by
T=[:ABA0.40.2B0.50.4] The final demand forecast is approximately Sh.60 million
for sector A and Sh.90 million for sector B. Calculate the total worth of primary
inputs.
d) Minimize: z=3x2-50x+6xy+3y2-30y+102
Subject to: x+3y=18
 a) Define the following terms in relation to input - output

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