A local economy consists of three interdependent sectors; Fishing, Horticulture and Poultry. The flow of inputs and
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A local economy consists of three interdependent sectors; Fishing, Horticulture and Poultry. The flow of inputs and outputs between the industries is represented in the table below: Output (Million Kg) Inputs (Million Kg) Final deman d Fishing Horticulture Poultry Fishing 24,000 39,000 45,000 12,000 Horticulture 36,000 78,000 45,000 36,000 Poultry 48,000 39,000 15,000 48,000 Find the technical coefficient matrix,Find the Leontief’s inverse matrix, and The output level for each sector if the final demand for the Fishing sector increases by 3,500 million kilograms and that of the Poultry sector falls by 1,800 million kilograms and the final demand for the Horticulture sector remains unchanged.
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