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(a) Explain the economic meaning of the elements 0.33, 0, and 200.

(b) Explain the economic meaning (if any) of the third-column sum.

(c) Explain the economic meaning (if any) of the third-row sum.

(d) Write out the specific input-output matrix equation for this model.

(a) Explain the economic meaning of the elements 0.33, 0, and 200.

(b) Explain the economic meaning (if any) of the third-column sum.

(c) Explain the economic meaning (if any) of the third-row sum.

(d) Write out the specific input-output matrix equation for this model.

5 Find the solution output levels of the three industries in the preceding problem by Cramer's rule. (Round off answers to two decimal places.)

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