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