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Two Sectors of Some Economy Are Sector 1 and Sector (IA)1( I - A ) ^ { - 1 }

Question 51

Multiple Choice

Two sectors of some economy are Sector 1 and Sector 2. The input-output table involving these two sectors results in the following value for (IA) 1( I - A ) ^ { - 1 } (IA) 1=[1.210.1550.0021.1242]( I - A ) ^ { - 1 } = \left[ \begin{array} { c c } 1.21 & 0.155 \\0.002 & 1.1242\end{array} \right]
How many additional dollars worth of production of Sector 2 must be produced to meet a $1 increase in the demand for products of Sector 1


A) $1.1242
B) $0.9692
C) $0.002
D) $1.21
E) $0.155

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