Assume that an economy is based on three industrial sectors, agriculture (A), building (B), and energy (E). The technology matrix M, and demand matrix D (in billions of dollars), are shown below. Also shown below is the inverse of I-M, where I is the identity matrix. A B E 20 1.84 0.48 0.08 A 0.4 0.1 0.0 M = D = (IM) 1 = 1.04 2.88 0.48 B 0.2 0.6 0.1 10 0.48 0.56 1.76 E 0.1 0.1 0.4 Find the output for each of the three sectors, X. X= (Simplify your answer.)

Elementary Linear Algebra (MindTap Course List)
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ISBN:9781305658004
Author:Ron Larson
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Chapter6: Linear Transformations
Section6.4: Transistion Matrices And Similarity
Problem 29E
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Assume that an economy is based on three industrial sectors, agriculture (A), building (B),
and energy (E). The technology matrix M, and demand matrix D (in billions of dollars), are
shown below. Also shown below is the inverse of I-M, where I is the identity matrix.
A
B
E
20
1.84 0.48 0.08
A
0.4 0.1 0.0
M =
D =
(IM) 1
=
1.04 2.88 0.48
B
0.2 0.6 0.1
10
0.48 0.56 1.76
E
0.1 0.1 0.4
Find the output for each of the three sectors, X.
X=
(Simplify your answer.)
Transcribed Image Text:Assume that an economy is based on three industrial sectors, agriculture (A), building (B), and energy (E). The technology matrix M, and demand matrix D (in billions of dollars), are shown below. Also shown below is the inverse of I-M, where I is the identity matrix. A B E 20 1.84 0.48 0.08 A 0.4 0.1 0.0 M = D = (IM) 1 = 1.04 2.88 0.48 B 0.2 0.6 0.1 10 0.48 0.56 1.76 E 0.1 0.1 0.4 Find the output for each of the three sectors, X. X= (Simplify your answer.)
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