2. In a two-industry economy. it is know that industry I uses 10 cents of its own product and 60 cents of commodity II to produce a dollar's worth of commodity I: industry II uses none of its own product but uses 50 cents of commodity I in producing a dollar's worth of commodity II: and the open sector demands RM1000 billion of commodity I and RM2000 billion of commodity II. a) Write out the input matrix. the Leontief matnx. and the specific input-output matrix equation for this economy. b) Find the solution output levels by Cramer's rule.

2. In a two-industry economy. it is know that industry I uses 10 cents of its own product and 60 cents of commodity II to produce a dollar's worth of commodity I: industry II uses none of its own product but uses 50 cents of commodity I in producing a dollar's worth of commodity II: and the open sector demands RM1000 billion of commodity I and RM2000 billion of commodity II. a) Write out the input matrix. the Leontief matnx. and the specific input-output matrix equation for this economy. b) Find the solution output levels by Cramer's rule.

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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Question

In a two-industry economy. it is know that industry I uses 10 cents of its oWn product
and 60 cents of commodity II to produce a dollar's worth of commodity I: industry II uses
none of its own product but uses 50 cents of commodity I in producing a dollar's worth of
commodity II: and the open sector demands RM1000 billion of commodity I and RM2000
billion of commodity II.
a) Write out the input matrix. the Leontief matnx. and the specitic input-outpuf matrix
equation for this economy.
b) Find the solution output levels by Cramer's nile.
2.
Delete, in
rotate pa

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