5.Given the input-output matrix:EducationEducation40Government120Final Demand40Government1209090Find the output matrix if the final demand changes toa) 200 for education, and 3000 for governmentb) 64 for education, and 64 for government

The input-output matrix is a representation of the interdependencies between different sectors of an…

Answered: 5. Given the input-output matrix:…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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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