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Business, 14.12.2019 00:31 kfliehman1

The following problem refers to a closed leontief model. suppose the technology matrix for a closed model of a simple economy is given by the following. p m h a = 0.5 0.1 0.9 0.1 0.3 0 0.4 0.6 0.1 products machinery households find the gross productions for the industries. (let h represent the number of household units produced, and give your answers in terms of h.)

a. products units.
b. machinery units.
c. households units.

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