Suppose the Technology Matrix for a Closed Model of a Simple

question 49

Multiple Choice

Suppose the technology matrix for a closed model of a simple economy is given by matrix A. Find the gross productions for the industries. ​ ​

• A)government = Households, industry = Households
• B)government = Households, industry = Households
• C)government = Households, industry = Households
• D)government = Households, industry = Households
• E)government = Households, industry = Households

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Definitions:

Business Processes

The set of systematic activities or tasks that produce a specific service or product for a particular customer or market.

Automated Work Cell

A system comprised of robotic or mechanical units designed to perform a variety of tasks autonomously with minimal human intervention.

Centralized Computer

A single computing system or server that provides services, resources, or data to multiple users or client machines.

Little Penalty

Minor consequences or repercussions applied when objectives, targets, or deadlines are missed, often used to incentivize performance without imposing severe sanctions.