A simplified version of Leontief's analysis of the 1947 American economy has the following input-output matrix: Agriculture Manufacturing Households Agriculture 0.245 0.102 0.051 Manufacturing 0.099 0.291 0.279 Households 0.433 0.372 0.011 Suppose the demand matrix (in billions of dollars) is D=[3.6 29.4 31.5]. Find the amount of each commodity that should be produced

A simplified version of Leontief's analysis of the 1947 American economy has the following input-output matrix: Agriculture Manufacturing Households Agriculture 0.245 0.102 0.051 Manufacturing 0.099 0.291 0.279 Households 0.433 0.372 0.011 Suppose the demand matrix (in billions of dollars) is D=[3.6 29.4 31.5]. Find the amount of each commodity that should be produced

Macroeconomics

13th Edition

ISBN:9781337617390

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter15: Monetary Policy

Section: Chapter Questions

Problem 1QP

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	Agriculture	Manufacturing	Households
Agriculture	0.245	0.102	0.051
Manufacturing	0.099	0.291	0.279
Households	0.433	0.372	0.011

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