5. Given the input-output matrix: Education Education 40 Government 120 Final Demand 40 Government 120 90 90 Find the output matrix if the final demand changes to a) 200 for education, and 3000 for government b) 64 for education, and 64 for government
5. Given the input-output matrix: Education Education 40 Government 120 Final Demand 40 Government 120 90 90 Find the output matrix if the final demand changes to a) 200 for education, and 3000 for government b) 64 for education, and 64 for government
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter2: Choice In A World Of Scarcity
Section: Chapter Questions
Problem 17RQ: Is the economic model of decision-making intended as a literal description of how individuals,...
Question
![5.
Given the input-output matrix:
Education
Education
40
Government
120
Final Demand
40
Government
120
90
90
Find the output matrix if the final demand changes to
a) 200 for education, and 3000 for government
b) 64 for education, and 64 for government](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F8158e574-6e9a-461c-93e3-a07b84bcf319%2Ff686b9f3-15d4-4d06-9c8c-86a08e06c32e%2Fnfc1daf_processed.jpeg&w=3840&q=75)
Transcribed Image Text:5.
Given the input-output matrix:
Education
Education
40
Government
120
Final Demand
40
Government
120
90
90
Find the output matrix if the final demand changes to
a) 200 for education, and 3000 for government
b) 64 for education, and 64 for government
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