Linear Algebra in Engineering: Macroeconomics with Leontief Input-Output Model (Part 5 of 7)
Preface
This series is aimed at providing tools for an electrical engineer to analyze data and solve problems in design. The focus is on applying linear algebra to systems of equations or large sets of matrix data.
Introduction
This article will demonstrate the use of Leontief Input-Output Models. This can be used to analyze macroeconomic models of production.