A closed model for an economy identifies government, the profit sector, the nonprofit sector, and households as its industries. Each unit of government output requires unit of government input,
unit of profit sector input,
unit of nonprofit sector input, and
unit of households input. Each unit of profit sector output requires
unit of government input,
unit of profit sector input,
unit of nonprofit sector input, and
unit of households input. Each unit of nonprofit sector output requires
unit of government input,
unit of profit sector input,
unit of nonprofit sector input, and
unit of households input. Each unit of households output requires
unit of government input,
unit of profit sector input,
unit of nonprofit sector input, and
unit of households input. Find the gross production for each industry.
A) government = households, profit =
households, nonprofit =
households
B) government = households, profit =
households, nonprofit =
households
C) government = households, profit =
households, nonprofit =
households
D) government = households, profit =
households, nonprofit =
households
E) government = households, profit =
households, nonprofit =
households
Correct Answer:
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