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Set up the leontief input-output model

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Reference no: EM131555268

Question: 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.

Reference no: EM131555268

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