SOLVED: A simplified version of input-output analysis of a national economy has the following input-output matrix:AgricultureManufacturingHouseholdsAgriculture0.2450.1020.051Manufacturing0.0990.2910.279Households0.4330.3720.011A. ? units of Manufacturing are needed to produce one unit of Agriculture.B. Given Demand (in billions of dollars) for the three sectors are as follows:32 = Manufacturing2.4 = Agriculture33.2 = HouseholdsFind the amount of each commodity that should be produced (nearest 0.
SOLVED: A simplified version of input-output analysis of a nationa…
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