Assume that an economy is based on three industrial sectors: agriculture (A), building (B), and energy (E).

Question:

Assume that an economy is based on three industrial sectors: agriculture (A), building (B), and energy (E). The technology matrix M and final demand matrices (in billions of dollars) are
Assume that an economy is based on three industrial sectors:

Repeat Problem 11 for D2.
Problem 11
Use (I-M)-1 in Problem 10 to find the output for each sector that is neede to satisfy the final demand D1.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

College Mathematics for Business Economics Life Sciences and Social Sciences

ISBN: 978-0321614001

12th edition

Authors: Raymond A. Barnett, Michael R. Ziegler, Karl E. Byleen

Question Posted: