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A simplified version of Leontiefs analysis of the 1947 American economy has the following input-output matrix: Agriculture Manufacturing Households Agriculture Manufacturing 0.245 0.102 0.099 0.291

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A simplified version of Leontiefs analysis of the 1947 American economy has the following input-output matrix: Agriculture Manufacturing Households Agriculture Manufacturing 0.245 0.102 0.099 0.291 0.433 0.372 Households 0.051 0.279 0.011 Suppose the demand matrix (in billions of dollars) is D 2.2 31.6 29.5 Find the amount of each commodity that should be produced Agriculture = Manufacturing = Households =

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