1. Using the Input-Output table below, answer the following questions: a) Find the matrix A of technical coefficients and the row vector 1 of labor coefficients for the system. b) Assume that an exogenous shock decreases final demand for services goods by 125. Find the new vector of total output X and the new vector of labor inputs L. Manufacturing Services Final Demand Manufacturing Services 10 30 40 25 MY 50 85 Total Output 100 140

1. Using the Input-Output table below, answer the following questions: a) Find the matrix A of technical coefficients and the row vector 1 of labor coefficients for the system. b) Assume that an exogenous shock decreases final demand for services goods by 125. Find the new vector of total output X and the new vector of labor inputs L. Manufacturing Services Final Demand Manufacturing Services 10 30 40 25 MY 50 85 Total Output 100 140

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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