Given the input-output matrix below, find the output matrix if final demand changes to 600 for water, 150 for electric power, and 800 for agriculture. Industry Electric Water Power Agriculture Final Demand Water 120 600 160 240 Industry: Electric Power 120 100 240 110 Agriculture 240 200 160 500 Other 720 100 240 The output matrix is X = (Round to two decimal places as needed.)
Given the input-output matrix below, find the output matrix if final demand changes to 600 for water, 150 for electric power, and 800 for agriculture. Industry Electric Water Power Agriculture Final Demand Water 120 600 160 240 Industry: Electric Power 120 100 240 110 Agriculture 240 200 160 500 Other 720 100 240 The output matrix is X = (Round to two decimal places as needed.)
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:Given the input-output matrix below, find the output matrix if final demand changes to 600 for water, 150 for electric power, and 800 for agriculture.
Industry
Electric
Water
Power
Agriculture Final Demand
Water
120
600
160
240
Industry:
Electric Power
120
100
240
110
Agriculture
240
200
160
500
Other
720
100
240
The output matrix is X =
(Round to two decimal places as needed.)
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