Mathematics · Matrix Applications
In the Leontief closed input-output model (no final demand), the system Ax = x implies:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The sum of each row of A must equal 1
- 2A must be singular
- 3The gross output vector x is an eigenvector of A corresponding to eigenvalue 1✓
- 4x = 0 is the only solution
Correct answer
The gross output vector x is an eigenvector of A corresponding to eigenvalue 1
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