Input-output matrix and the closed model
Problem:
Input-output matrix and the Closed Model
1) Use the input-output matrix and the Closed Model to find the ratio of yams to pigs produced.
2) Find [I-A]. Solve [I-A] [X]=0
Yams PigsYams 1/4 1/2Pigs 3/4 1/2
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Use the input-output matrix and the Closed Model to find the ratio of yams to pigs produced.
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