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AN INPUT-OUTPUT MODEL FOR A THREE-SECTOR ECONOMY
Consider the economy of Exercise 1, considering of three sectors: agriculture(A), manufacturing(M), and transportation(T), with an input-output matrix given by
a. Find the total output of goods needed to satisfy a consumer demand for
b. Find the value of goods and transportation consumed in the internal process of production in order to meet this total output.
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Finite Mathematics for the Managerial, Life, and Social Sciences
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