Question: The consumption matrix C below is based on input - output data for the U . S . economy in 1 9 5 8 ,

The consumption matrix C below is based on input-output data for the U.S. economy in 1958, with data for 81 sectors grouped into 7 larger sectors: (1) nonmetal household and personal products, (2) final metal products (such as motor vehicle),(3) basic metal products and mining, (4) basic nonmetal products and agriculture, (5) energy, (6) services,and (7) entertainment and miscelllaneous products.
1.Find the productions levels needed to satisfy the final demand D?(Units are in millions of dollars.) I already found answers to this question, I need HELP IN PROBLEM 2!!
2. Use equation x = d + C*d + C^2*d + C^3*d +..etc to solve the problem in question 1, set x^(0)= d, and for k =1,2..etc, and then compute x^(k)= d + Cx^(k-1).(You must use this equation in Matlab).
How many steps are needed to obtain the answer in question 1, use 13 to four significant figures?
C=
.1588.0064.0025.0304.0014.0083.1594
.0057.2645.0436.0099.0083.0201.3413
.0264.1506.3557.0139.0142.0070.0236
.3299.0565.0495.3636.0204.0483.0649
.0089.0081.0333.0295.3412.0237.0020
.1190.0901.0996.1260.1722.2368.3369
.0063.0126.0196.0098.0064.0132.0012
D =
74,000
56,000
10,500
25,000
17,500
196,000
5,000

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