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 unit produced, and give your answers in terms of H.) H. 0.4 0.2 0.2 0.2 0.5 0.S 0.4 0.3 0.3 Government Industry Households A = government 10 units industry 17 units households 13 units
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 unit produced, and give your answers in terms of H.) H. 0.4 0.2 0.2 0.2 0.5 0.S 0.4 0.3 0.3 Government Industry Households A = government 10 units industry 17 units households 13 units
Linear Algebra: A Modern Introduction
4th Edition
ISBN:9781285463247
Author:David Poole
Publisher:David Poole
Chapter2: Systems Of Linear Equations
Section2.4: Applications
Problem 27EQ
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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
10
units
industry
17
units
households
13
units](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fbb5faa8b-5d96-46f0-af98-a6f780941e36%2Fff0364ba-96cf-4687-bfa2-7b936d1599fd%2Fs6peegd_processed.jpeg&w=3840&q=75)
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
10
units
industry
17
units
households
13
units
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