The input-output matrix for a simplified economy with just three sectors (agriculture, manufacturing, and households) is given. Agriculture Manufacturing Households Agriculture Manufacturing Households 0.27 0.42 0.104 0.14 0.128 3.57 0.115 0.14 0.77 What production levels are needed to meet the demand in agriculture, manufacturing, and households, respectively, given the demand matrix shown? Production levels of units of agriculture, units of manufacturing, and units of households are needed. (Round the final answer to the nearest whole number as needed. Round all intermediate values to the nearest thousandth as needed.) 47 D 31 48
The input-output matrix for a simplified economy with just three sectors (agriculture, manufacturing, and households) is given. Agriculture Manufacturing Households Agriculture Manufacturing Households 0.27 0.42 0.104 0.14 0.128 3.57 0.115 0.14 0.77 What production levels are needed to meet the demand in agriculture, manufacturing, and households, respectively, given the demand matrix shown? Production levels of units of agriculture, units of manufacturing, and units of households are needed. (Round the final answer to the nearest whole number as needed. Round all intermediate values to the nearest thousandth as needed.) 47 D 31 48
Linear Algebra: A Modern Introduction
4th Edition
ISBN:9781285463247
Author:David Poole
Publisher:David Poole
Chapter2: Systems Of Linear Equations
Section2.4: Applications
Problem 23EQ:
23. Consider a simple economy with just two industries: farming and manufacturing. Farming consumes...
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