An economy is based on two sectors, agriculture and energy. Given the technology matrix M and the
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An economy is based on two sectors, agriculture and energy. Given the technology matrix M and the final demand matrix D (in billions of dollars), find (I - M)-1 and the output matrix X:
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A E A [0.2 0.15 A D = E 30 M = E0.4 0.3 20
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M 02 015 04 03 IM 1 0 3 16 3 16 1 IM Thus IM 10 27 R R R 6 0 20 10 0 R R R 10 08 ...View the full answer
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Related Book For
College Mathematics For Business Economics, Life Sciences, And Social Sciences
ISBN: 978-0134674148
14th Edition
Authors: Raymond Barnett, Michael Ziegler, Karl Byleen, Christopher Stocker
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