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a ) Define the following terms in relation to input - output analysis; i ) Technical coefficients. ii ) Intermediate demand. iii ) Close input
a Define the following terms in relation to input output analysis;
i Technical coefficients.
ii Intermediate demand.
iii Close inputoutput model.
b Name any two assumptions of input output analysis.
c Technological matrix for a two sector economy is given by
The final demand forecast is approximately Sh million
for sector A and Sh million for sector B Calculate the total worth of primary
inputs.
d Minimize:
Subject to:
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