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The input-output (consumption) matrix for a closed economy is given below. Solve the associated input- output...

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Advance Math

The input-output (consumption) matrix for a closed economy isgiven below. Solve the associated input- output model. Use r if youneed a variable in your answer. [0.07 0.05 0.27] [0.17 0.48 0.19][0.76 0.47 0.54]

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Answer Total output equals intermediate output plus final output If welet be the matrix of    See Answer
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