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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
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.) GIH 0.4 0.2 0.2 Government A: 0.2 0.5 0.5 Industry 0.4 0.3 0.3 Households government units X industry units X households units X Need Help? _
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