Solved

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

Question 104

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=[1.09650.043610.005361.07515]( I - A ) ^ { - 1 } = \left[ \begin{array} { c c } 1.0965 & 0.04361 \\0.00536 & 1.07515\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 2


A) $0.00536
B) $0.54825
C) $1.07515
D) $1.0965
E) $0.04361

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions