Consider an economic model with three industries: agriculture, man- ufacturing and energy. The model has Leontief input-output matrix [0.6 0.1 0.1] 0.2 0.4 0.2 |0.1 0.4 0.2 A = (With the columns corresponding to the industries in the order listed). (a) If there is external demand for 800 units from agriculture, 1600 units from manufacturing and 400 from energy then calculate the total production required from each sector to meet this demand. (Note that you must show the matrix equation that you are solv- ing, but calculations can be done using technology.)

Q: Find the technology matrix associated with this economy b) The matrix(I-A)^-1 is given by (I-A)^-1 =…

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A: Step 1:Step 2:Step 3:

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Q: 2. Consider the following system of simultaneous linear equations in five variables: a + 3b-2c+d- 6e…

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A: Introduction to Technology Matrix: The technology matrix, often denoted as 𝐴A, is a fundamental…

Q: You are given a technology matrix A and an external demand vector D. Find the corresponding…

A: Step 1:Step 2:Step 3:

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Q: The input-output matrix for a simplified economy with just three sectors (natural resources,…

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Q: -4<3x+2<8

A: Given: