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What is the interpretation of the sum

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Reference no: EM131567422

Question: Consider the Leontief model (4).

(a) What is the interpretation of the condition that aii = 0 for all i?

(b) What is the interpretation of the sum ai1 + ai2 +···+ ain?

(c) What is the interpretation of the vector of input coefficients (a1j, a2j,...,anj )?

(d) Can you give any interpretation to the sum a1j + a2j +···+ anj?

Reference no: EM131567422

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