Question: Given the input-output matrix below, find the output matrix if final demand changes to 500 for water, 180 for electric power, and 700 for

Given the input-output matrix below, find the output matrix if final demand

Given the input-output matrix below, find the output matrix if final demand changes to 500 for water, 180 for electric power, and 700 for agriculture. Industry Electric Water Power Agriculture Final Demand Water 240 300 300 240 Industry: Electric Power 120 60 400 150 Agriculture 360 120 200 600 Other 480 120 100 The output matrix is X = (Round to two decimal places as needed.)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

To find the output matrix given the changes in final demand we need to add the final dema... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!