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Given the following technology matrix table and final demand table: Agriculture Industry Services Final Demand (intermediate (intermediate (intermediate demand) demand) demand Agriculture (input) 0.095 0.17
Given the following technology matrix table and final demand table: Agriculture Industry Services Final Demand (intermediate (intermediate (intermediate demand) demand) demand Agriculture (input) 0.095 0.17 0.01 300 Industry (input) 0.09 0.16 0.11 1000 Services (input) 0.06 0.12 0.20 1500 Explain the economic meaning of the entries 0.09, 0.06, and 1000. Explain the economic meaning of the first row sum of A. egge Explain the economic meaning of the third column sum of A. Differentiate between the technology input matrix and Leontief matrix
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