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Leontief’s Input-Output Model - SlideServe
Leontief’s Input-Output Model. Andrew Blythe Peter Whitley. Economics in the Model. A matrix representation to predict the effect of changes in one industry on others
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3.(30 points) Construct a consumption matrix for an open productive economy consisting ofthree sectors. Use the Leontief Input-Output Model to show that the economy is productive. DoNOT use examples and exercises from the textbook and Study Guide.3.(30 points) Construct a consumption matrix for an open productive economy consisting of three sectors. Use the Leontief Input-Output Model to show that the economy is productive. Do NOT use examples and exercises from the textbook and Study Guide.
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