1. Using the Input-Output table below, answer the following questions: a) Find the matrix A of technical coefficients and the row vector 1 of labor coefficients for the system. b) Assume that an exogenous shock decreases final demand for services goods by 125. Find the new vector of total output X and the new vector of labor inputs L. Manufacturing Services Labor Total Manufacturing Services Final Demand 10 30 60 100 40 25 75 140 50 85 Total Output 100 140 240
1. Using the Input-Output table below, answer the following questions: a) Find the matrix A of technical coefficients and the row vector 1 of labor coefficients for the system. b) Assume that an exogenous shock decreases final demand for services goods by 125. Find the new vector of total output X and the new vector of labor inputs L. Manufacturing Services Labor Total Manufacturing Services Final Demand 10 30 60 100 40 25 75 140 50 85 Total Output 100 140 240
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
Related questions
Question
Solve this question and provide step by step answer.

Transcribed Image Text:1. Using the Input-Output table below, answer the following questions:
a) Find the matrix A of technical coefficients and the row vector 1 of labor coefficients for the
system.
b) Assume that an exogenous shock decreases final demand for services goods by 125. Find the
new vector of total output X and the new vector of labor inputs L.
Manufacturing Services Final Demand
Manufacturing
Services
Labor
Total
10
30
60
100
40
25
75
140
50
85
Total
Output
100
140
240
Expert Solution

This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 3 steps with 1 images

Follow-up Questions
Read through expert solutions to related follow-up questions below.
Follow-up Question
Can you please further explain as why the final
Solution
Follow-up Question
* Update final demand
but we may do it this way?
Solution
Recommended textbooks for you

Advanced Engineering Mathematics
Advanced Math
ISBN:
9780470458365
Author:
Erwin Kreyszig
Publisher:
Wiley, John & Sons, Incorporated

Numerical Methods for Engineers
Advanced Math
ISBN:
9780073397924
Author:
Steven C. Chapra Dr., Raymond P. Canale
Publisher:
McGraw-Hill Education

Introductory Mathematics for Engineering Applicat…
Advanced Math
ISBN:
9781118141809
Author:
Nathan Klingbeil
Publisher:
WILEY

Advanced Engineering Mathematics
Advanced Math
ISBN:
9780470458365
Author:
Erwin Kreyszig
Publisher:
Wiley, John & Sons, Incorporated

Numerical Methods for Engineers
Advanced Math
ISBN:
9780073397924
Author:
Steven C. Chapra Dr., Raymond P. Canale
Publisher:
McGraw-Hill Education

Introductory Mathematics for Engineering Applicat…
Advanced Math
ISBN:
9781118141809
Author:
Nathan Klingbeil
Publisher:
WILEY

Mathematics For Machine Technology
Advanced Math
ISBN:
9781337798310
Author:
Peterson, John.
Publisher:
Cengage Learning,

