The following problem refers to a closéd LeðRE Suppose the technology matrix for a closed model of a simple economy is given by matrix A. Find the gross productions for the industries. (Let H represent the number of household units produced, and give your answers in terms of H.) H. 0.4 0.2 0.2 Government A = 0.2 0.5 0.5 Industry 0.4 0.3 0.3 Households government units industry units households units

Elementary Linear Algebra (MindTap Course List)
8th Edition
ISBN:9781305658004
Author:Ron Larson
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Chapter2: Matrices
Section2.6: More Applications Of Matrix Operations
Problem 11E
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The following problem refers to a closed Leontief model.
Suppose the technology matrix for a closed model of a simple economy is given by matrix A. Find the gross productions for the industries. (Let H represent the number of household units
produced, and give your answers in terms of H.)
G
I H
0.4 0.2 0.2
Government
A =
0.2 0.5 0.5
Industry
0.4 0.3 0.3
Households
government
units
industry
units
households
units
Transcribed Image Text:The following problem refers to a closed Leontief model. Suppose the technology matrix for a closed model of a simple economy is given by matrix A. Find the gross productions for the industries. (Let H represent the number of household units produced, and give your answers in terms of H.) G I H 0.4 0.2 0.2 Government A = 0.2 0.5 0.5 Industry 0.4 0.3 0.3 Households government units industry units households units
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