The consumption matrix C for the U.S. economy in 1972 has the property that every entry in
Question:
The consumption matrix C for the U.S. economy in 1972 has the property that every entry in the matrix (I - C)-¹ is
nonzero (and positive)1. What does that say about the effect
of raising the demand for the output of just one sector of the
economy?
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The i j entry in I C 1 corresponds to the effect on production of sector i w...View the full answer
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Related Book For
Linear Algebra And Its Applications
ISBN: 9781292351216
6th Global Edition
Authors: David Lay, Steven Lay, Judi McDonald
Question Posted:
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