Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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K Given the input-output matrix below, find the output matrix if final demand changes to 400 for water, 180 for electric power, and 700 for agriculture. Industry: Water Electric Power Agriculture Other Water 120 120 240 720 The output matrix is X = (Round to two decimal places as needed.) Industry Electric Power 400 200 100 300 8 Agriculture Final Demand 180 240 120 60 260 170 500
![K
Given the input-output matrix below, find the output matrix if final demand changes to 400 for water, 180 for
electric power, and 700 for agriculture.
Water
Industry: Electric Power
Agriculture
Other
Water
120
120
240
720
The output matrix is X=
(Round to two decimal places as needed.)
Industry
Electric
Power
400
200
100
300
Agriculture Final Demand
180
240
120
60
260
170
500
T](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F344f3f5d-4adb-4500-8c10-71b08ca0477a%2F5157bb4b-c119-4e22-adab-714685435d98%2F9ncd54g_processed.jpeg&w=3840&q=75)
Transcribed Image Text:K
Given the input-output matrix below, find the output matrix if final demand changes to 400 for water, 180 for
electric power, and 700 for agriculture.
Water
Industry: Electric Power
Agriculture
Other
Water
120
120
240
720
The output matrix is X=
(Round to two decimal places as needed.)
Industry
Electric
Power
400
200
100
300
Agriculture Final Demand
180
240
120
60
260
170
500
T
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