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 for the industries.

0.4 0.1 0.3 0.4 0.3 0.2 Industry 0.2 0.6 0.5 Households Government A

Problems refer to closed Leontief models?

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Mathematical Applications for the Management Life and Social Sciences

ISBN: 978-1305108042

11th edition

Authors: Ronald J. Harshbarger, James J. Reynolds

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Question Posted: Feb 09, 2018 05:03 AM

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Suppose the technology matrix for a closed model of a simple economy is given by matrix A.

Question:

0.4 0.1 0.3 0.4 0.3 0.2 Industry 0.2 0.6 0.5 Households Government A

Step by Step Answer:

04G 01I 03H G 06G 01I 03H 0 04G 03I 02H I or 04G 07...View the full answer

Mathematical Applications for the Management Life and Social Sciences

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