Leontief model

  • #1
162
0
I attached the problem.

I honestly have no idea how to even go about solving this problem. If someone can give me a hint, that'd be great.
 

Attachments

  • Untitled.png
    Untitled.png
    8.9 KB · Views: 331

Answers and Replies

  • #2
Ray Vickson
Science Advisor
Homework Helper
Dearly Missed
10,706
1,722
I attached the problem.

I honestly have no idea how to even go about solving this problem. If someone can give me a hint, that'd be great.

Start by understanding what the problem is saying. You have a Leontief model of the form
[tex] \textbf{x} = C \textbf{x} + \textbf{d}, [/tex]
where d is external demand and C is the inter-sector internal demand matrix. The question is asking if it is OK to have cii > 1 for some i, and if not, why not.
It asks for both mathematical and real-world reasons.

RGV
 
Last edited:
  • #3
613
3
I have read about the Leontief model but I still don't know how to answer the question. I think you should be able to have numbers greater than one along the diagnol
 

Related Threads on Leontief model

Replies
2
Views
902
Replies
0
Views
2K
  • Last Post
Replies
2
Views
14K
  • Last Post
Replies
13
Views
2K
  • Last Post
Replies
1
Views
583
  • Last Post
Replies
0
Views
1K
  • Last Post
Replies
13
Views
2K
  • Last Post
Replies
11
Views
3K
  • Last Post
Replies
3
Views
2K
  • Last Post
Replies
3
Views
1K
Top