Concept explainers
(a)
The input-output matrix A if there is a three-sector economy which consists of wood, steel and coal.
Wood requires input of
(b)
The matrix
Wood requires input of
(c)
To calculate: The levels at which each sector should produce if the demand for wood, steel and coal is worth
There is a three sector economy which consists of wood, steel and coal.
Wood requires input of
(d)
To calculate: The amount of output of each sector is used to meet internal consumption if the demand for wood, steel and coal is worth
There is a three sector economy which consists of wood, steel and coal.
Wood requires input of
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Finite Mathematics & Its Applications (12th Edition)
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