There is a final demand of 20 units of goods and 30 units


Suppose an economy has two sectors: goods and services. One unit of output from goods requires inputs of .2 unit from goods and .5 unit from services. One unit of output from services requires inputs of .4 unit from goods and .3 unit from services. There is a final demand of 20 units of goods and 30 units of services. Set up the Leontief input-output model for this situation.

Request for Solution File

Ask an Expert for Answer!!
Mathematics: There is a final demand of 20 units of goods and 30 units
Reference No:- TGS01421300

Expected delivery within 24 Hours