Input/Output I || Add value Total Output I 10 13 = || 38 19 76 final demand 15 25 * Total Output 50 75 1. Complete the following table 2. If the final demand is 15 (part I) and 30 (part II) what is the total new output? 3. Create a new transaction matrix!

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Input/Output
I
||
Total Output
I
10
....
50
||
13
38
75
Add value
19
*
*
Total Output
76
1. Complete the following table
2. If the final demand is 15 (part I) and 30 (part II) what is the total new output?
3. Create a new transaction matrix!
final demand
15
25
*
Transcribed Image Text:Input/Output I || Total Output I 10 .... 50 || 13 38 75 Add value 19 * * Total Output 76 1. Complete the following table 2. If the final demand is 15 (part I) and 30 (part II) what is the total new output? 3. Create a new transaction matrix! final demand 15 25 *
Expert Solution
Step 1

A bivariate table includes a specific number of rows (generally dependent variable) and columns (generally independent variable) each of which includes marginal totals.  

In a system, the transition matrix represents probabilities of moving from one state to another in a vector space.

The table is given as:

Input/output I II Final demand Total output
I 10   15 50
II 13 38 25 75
Add value   19    
Total output   76    
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