Introduction to Leontief Input-Output Models
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Team Name: _KEY________________________
Members Present:_____________________________________________________________________
Section: __________
2. $ 0.25f
4. $ 0.4c
5. $ 50 by the farmers + $ 120 by the weavers = $ 170 total
Food Leftovers? _Yes; $30 worth______________________________________
6. Total food eaten by the villagers = 0.25f+0.4c
8. $ 0.15c
10. $ 0.2f
11. $ 40 by the farmers + $ 45 by the weavers = $ 85 total
Cloth Leftovers? _Yes; $215 worth ____________________________________
12. Total cloth used by the villagers = 0.2f+0.15c
14. c = _the dollar amount of clothing produced by the Old School Village_______
Internal Demand
15.
FOOD:
CLOTH:
f
= (0.25 f + ____
0.4 c) + 892
____ = (_0.2
___ f + 0.15c) + ____
446
⎤ ⎡ 0.25
⎥=⎢
⎢⎣ ___ ⎥⎦ ⎢⎣ _____
0.2
⎡
16. ⎢
External
_0.4
____ ⎤ ⎡ f ⎤ ⎡ 892 ⎤
⎥⎢
⎥
⎥+⎢
___ ⎥⎦
0.15 ⎥⎦ ⎢⎣ c ⎥⎦ ⎢⎣ 446
f
X
X
A
(
17. X = _________________
)
-1
D
D
2 × ___
2
18. Size of the identity used: ___
1680
920
19. Total Production: $ ___________
worth of food and $__________
worth of cloth
20. X – D represents ______________________________________________________
the value of the goods consumed internally.
21. Internal Consumption: $ ___________
worth of food and $__________
worth of cloth
788
474
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