a) Find the technology matrix associated with this economyb) The matrix(I-A)^-1 is given by (I-A)^-1 = 1.2 .2 1.4 3.4What production levels are necessary in order to meet a $1,000 demand in construction and a $2,000 demand in transportation? 8. Consider the following input-output table for a certain economy consisting of two sectors (all unitsmeasured in dollars):Construction TransportationConstruction20,0008,000Transportation53,000110,000Total Output150,000160,000

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Find the technology matrix associated with this economy b) The matrix(I-A)^-1 is given by (I-A)^-1 = 1.2 .2 1.4 3.4 What production levels are necessary in order to meet a $1,000 demand in construction and a $2,000 demand in transportation?

Find the technology matrix associated with this economy b) The matrix(I-A)^-1 is given by (I-A)^-1 = 1.2 .2 1.4 3.4 What production levels are necessary in order to meet a $1,000 demand in construction and a $2,000 demand in transportation?

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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Question

a) Find the technology matrix associated with this economy b) The matrix(I-A)^-1 is given by (I-A)^-1 = 1.2 .2 1.4 3.4 What production levels are necessary in order to meet a $1,000 demand in construction and a $2,000 demand in transportation?

8. Consider the following input-output table for a certain economy consisting of two sectors (all units
measured in dollars):
Construction Transportation
Construction
20,000
8,000
Transportation
53,000
110,000
Total Output
150,000
160,000

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