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Page 10 of 10 Assume an open economy with two sectors, Food and Water. The production of $1,00 worth of Food needs S0.10 worth of Food and $0.30 worth of Water, and the production of $1,00 worth of Water needs $0.40 worth of Food and S0.20 worth of Water. a. Determine the consumption and Leontief matrices. (3 points) b. If the open sector has a demand of $12 worth of Food and $8 worth of Water, find the production vector that will meet this demand exactly. (7 points)

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Answer #1

0 The gen doda t poduhonっ$1,00 -Nao e have to delermine Consamphon o.10 010 O o So 0.30 T. Pemandleonhel mati O-648.0 64-0. Οδ4 -Alts poste and au diasnal elomeot A SD 2 2 i hon ro valuo tho D Balancn e)2 Balancing ethon 6o Ht 29 0.2· O-3 0.1 6334 0.33 Ó. 31 ||40 О.ISー 53.3. 64.S 1oo. 36 120.9 03 142.70 oo.56 2

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