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.) GIH 0.4 0.2 0.2 A-0.2 0.5 0.5 Industry 0.4 0.3 0.3 government Industry households A 10 H 191 BE H 19 Government Households X units units X units

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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.)
GIH
0.4 0.2 0.2
A-0.2 0.5 0.3
0.4 0.3 0.3
government
Industry
households
A
10
H
191
BE
H
19
M
Government
Industry
Households
X units
units
X 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.) GIH 0.4 0.2 0.2 A-0.2 0.5 0.3 0.4 0.3 0.3 government Industry households A 10 H 191 BE H 19 M Government Industry Households X units units X units
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