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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
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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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
Transcribed Image Text: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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