input-output matrix and the Closed Model
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1) Use the input-output matrix and the Closed Model to find the ratio of yams to pigs produced.
2) Find [I-A]. Solve [I-A] [X]=0
Yams Pigs
Yams 1/4 1/2
Pigs 3/4 1/2
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This posting assists with using the input-output matrix and the Closed Model to find the ratio of yams to pigs produced.
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