Find a real Leontief Input-output matrix for a country and explain about the matrix?

Expert Solution

It is a quantitative economic model representing the interdependencies between different national economies or regional economies.

below solved example- for the production of 1 unit of transportation, this sector needs to consume as input .2 units of transportation itself, .5 units of agriculture, .1 unites of services, and .1 units of manufacturing,

here is the explanation in the numerically

Rahul Sunny answered 2 years ago

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