(a) Consider an input-output model with three sectors. The input require- men for three sectors are given in the following table: Sector 1 Sector 2 Sector 3 units of sector 1 goods units of sector 2 goods units of sector 3 goods 0.1 0.2 0.1 0.3 0.2 0.2 0.2 0.1 Suppose the final demands for the three goods are 85, 95, and 20 units, respec- lively. Using your knowledge from matrices, find the number of units that should be produced in all the sectors. Find A when (A- 31,)" = -2 %3D

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Consider an input-output model with three sectors. The input require-
(a)
mens for three sectors are given in the following table:
Sector 1 Sector 2 Sector 3
0.1
units of sector 1 goods
units of sector 2 goods
units of sector 3 goods
0.2
0.1
0.3
0.2
0.2
0.2
0.1
Suppose the final demands for the three goods are 85, 95, and 20 units, respec-
tively. Using your knowledge from matrices, find the number of units that should
be produced in all the sectors.
(b)
Find A when
(A - 31,)" = -2 1
Transcribed Image Text:Consider an input-output model with three sectors. The input require- (a) mens for three sectors are given in the following table: Sector 1 Sector 2 Sector 3 0.1 units of sector 1 goods units of sector 2 goods units of sector 3 goods 0.2 0.1 0.3 0.2 0.2 0.2 0.1 Suppose the final demands for the three goods are 85, 95, and 20 units, respec- tively. Using your knowledge from matrices, find the number of units that should be produced in all the sectors. (b) Find A when (A - 31,)" = -2 1
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