An economy has a manufacturing industry and a banking industry. Each unit of manufacturing output requires inputs of 0.5 unit of manufacturing and 0.2 unit of banking. Each unit of banking output requires inputs of 0.3 unit of each manufacturing and banking. (a)Write the technology matrix for this economy. (b)Find the output from each sector that is needed to satisfy a final demand of 141 units of manufacturing and 106 units of banking.
An economy has a manufacturing industry and a banking industry. Each unit of manufacturing output requires inputs of 0.5 unit of manufacturing and 0.2 unit of banking. Each unit of banking output requires inputs of 0.3 unit of each manufacturing and banking. (a)Write the technology matrix for this economy. (b)Find the output from each sector that is needed to satisfy a final demand of 141 units of manufacturing and 106 units of banking.
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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An economy has a manufacturing industry and a banking industry. Each unit of manufacturing output requires inputs of 0.5 unit of manufacturing and 0.2 unit of banking. Each unit of banking output requires inputs of 0.3 unit of each manufacturing and banking. (a)Write the technology matrix for this economy.
(b)Find the output from each sector that is needed to satisfy a final demand of 141 units of manufacturing and 106 units of banking.
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