Solved

In This Problem Matrix a Is an Input-Output Matrix Associated

Question 8

Short Answer

In this problem matrix A is an input-output matrix associated with an economy, and matrix D (units in millions of dollars) is a demand vector. Find the final outputs of each industry so that the demands of both industry and the open sector are met. In this problem matrix A is an input-output matrix associated with an economy, and matrix D (units in millions of dollars) is a demand vector. Find the final outputs of each industry so that the demands of both industry and the open sector are met.   The final output of first industry is $ __________ million. The final output of second industry is $ __________ million. The final output of first industry is $ __________ million.
The final output of second industry is $ __________ million.

Correct Answer:

verifed

Verified

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

Related Questions