For some background on this exercise, see Exercise 1.1.20. Consider an economy with
Chapter 1, Problem 37(choose chapter or problem)
For some background on this exercise, see Exercise 1.1.20. Consider an economy with three industries, Ij, I2, I3. What outputs jci , *2, *3 should they produce to satisfy both consumer demand and interindustry demand? The demands put on the three industries are shown in the accompanying figure.
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