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Preparation of the table just described, which shows input-output relations in current money values is only the first step of Leonteif's analysis. The second step is to "invert the matrix," producing a table of coefficients that shows the amounts of every other product required to bring into existance a dollar's worth of any given product...

Author: By Soma S. Golden, | Title: Loentief Relates Economic Theory to Fact | 12/17/1959 | See Source »

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