The following closed Leontief model with technology matrix A might describe the economy of the entire...
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The following closed Leontief model with technology matrix A might describe the economy of the entire country, with x₁ equal to the government's budget, X2 the value of industrial output (profit-making organizations), x3 the budget of nonprofit organizations, and x4 the household's budget. G | N H [0.4 0.2 0 0.3] Government 0.2 0.2 0.2 0.1 Industry A 0.2 0 0.2 0.1 Nonprofit 0.2 0.6 0.6 0.5 Household Find the total budgets (or outputs) X₁, X2, X3, and X4. = The following closed Leontief model with technology matrix A might describe the economy of the entire country, with x₁ equal to the government's budget, X2 the value of industrial output (profit-making organizations), x3 the budget of nonprofit organizations, and x4 the household's budget. G | N H [0.4 0.2 0 0.3] Government 0.2 0.2 0.2 0.1 Industry A 0.2 0 0.2 0.1 Nonprofit 0.2 0.6 0.6 0.5 Household Find the total budgets (or outputs) X₁, X2, X3, and X4. =
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Related Book For
Differential Equations and Linear Algebra
ISBN: 978-0131860612
2nd edition
Authors: Jerry Farlow, James E. Hall, Jean Marie McDill, Beverly H. West
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