Question: Let C be anntimesnconsumption matrix whose column sums are less than 1. LetBold xxbe the production vector that satisfies a final demandBold dd,and letUpper DeltaBold

Let C be anntimesnconsumption matrix whose column sums are less than 1. LetBold xxbe the production vector that satisfies a final demandBold dd,and letUpper DeltaBold xxbe a production vector that satisfies a different final demandUpper DeltaBold dd.Complete parts(a) and(b).Question content area bottomPart 1a. Show that if the final demand changes fromBold ddtoBold ddplus+Upper DeltaBold dd,then the new production level must beBold xxplus+Upper DeltaBold xx.Thus,Upper DeltaBold xxgives the amounts by which production must change in order to accommodate the changeUpper DeltaBold ddin demand.The vectorsBold xxandBold ddsatisfy the equationleft parenthesis Upper I minus Upper C right parenthesis Superscript negative 1 Baseline Bold x equals Bold d .(IC)1x=d.left parenthesis Upper I minus Upper C right parenthesis Bold x equals Bold d .(IC)x=d.left parenthesis Upper C minus Upper I right parenthesis Superscript negative 1 Baseline Bold x equals Bold d .(CI)1x=d.Upper C Bold x equals Bold d .Cx=d.left parenthesis Upper C minus Upper I right parenthesis Bold d equals Bold x .(CI)d=x.Upper C Bold d equals Bold x .Cd=x.left parenthesis Upper C minus Upper I right parenthesis Bold x equals Bold d .(CI)x=d.left parenthesis Upper I minus Upper C right parenthesis Bold d equals Bold x .(IC)d=x.Call this equation(1).

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