Three-Sector Economy In Exercises 1–12, suppose that a simplified economy consisting of the three sectors Manufacturing, Energy, and Services has the input–output matrix
Repeat Exercise 11 for the consumer demand matrix
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Finite Mathematics & Its Applications (12th Edition)
- In Exercises 13–18, perform each matrix row operation and write the new matrix. -6 4| 10 13. 1 5 -5 3 4 7 -12 6 9 40 3. 14. 1 -4 7|4 2 0 -1 |7 1 3 -3 15. 1 -3R, + R, -2 -1 -9- -9- 16. 3 3 -1 10 -3R + R2 1 3 5 1 -1 1 1 3. 1 -2 -1 17. 2 4| 11 -2R, + R3 5 1 6. -5R, + R4 1 -5 2 -2 4 -3 -1 18. 3 2 -1 -3R + R3 -4 4 2-3 4R, + R4 -len すす 2. 1. 2. 1. 3.arrow_forwardFind the inverses of the matrices in Exercises 1–4.arrow_forwardIn Exercises 5–8, use the definition of to write the matrix equation as a vector equation, or vice versa.arrow_forward
- Type solution plsarrow_forward0.4 0.06 Let A be the technology matrix A = where Sector 1 is paper and Sector 2 is wood. Fill in the missing quantities. 0.6 0.02 (a) x units of wood are needed to produce one unit of paper. X units of paper are used in the production of one unit of paper. (b) (c) The production of each unit of wood requires the use of x units of paper. Enter a number.arrow_forward23. Consider a simple economy with just two industries: farming and manufacturing. Farming consumes 1/2 of the food and 1/3 of the manufactured goods. Manufacturing consumes 1/2 of the food and 2/3 of the manufactured goods. Assuming the economy is closed and in equilibrium, find the relative outputs of the farming and manufacturing industries.arrow_forward
- Unless otherwise specified, assume that all matrices in these exercises are nxn. Determine which of the matrices in Exercises 1–10 are invertible. Use as few calculations as possible. Justify your answersarrow_forwardThe bookshop manager at the university has developed a matrix formula for determining the number of Pure and Applied Mathematics textbooks he should order each year. For 2016, the starting point for the formula is the column matrix So. This lists the number of Pure and Applied Mathematies textbooks sold in 2015. 505 Pure 316 Applied Oj is a column matrix listing the number of Mathematics and Physics textbooks to be ordered for 2016. Oj is given by the matrix formula : 01 = A So + B where A= 0.85 0 0.78 80 and B = 75 Determine O1, correct to the nearest integer. a. Given that S, - 499 303 Pure , representing the number of textbooks sold in 2016, b. Applied determine O2 (the numbers of books to be ordered for 2017) using the same matrix equation. The matrix formula above only allows the manager to predict the number of books he should order one year ahead. A new matrix formula enables him to determine the number of books to be ordered two or more years ahead. The new matrix formula is On…arrow_forwardLinear Algebraarrow_forward
- ELELA [1.5 5 -1.51 2 30 -1 2 .5 -5 .5 and C = 16. For this problem, let A = a) Use your calculator to compute the product of matrix A and matrix B. Record your answer below and describe what your answer tells you about the relationship between matrix A and matrix B. B = b) Use your calculator to compute the product of matrix B and matrix C. Record your answer below and describe what your answer tells you about the system AX= C. (where matrixarrow_forwardir (;a" – 21)" = [; 31 3. Determine the matrix Aarrow_forwardQ.1 Suppose a simple economy with only an agriculture industry and a steel industry with the following technology matrix. Find the gross production of each industry if surpluses of 15 units of agriculture products and 35 units of steel are desired. A S 0.3 0.2 Agrikultwe 0.1 0.4] Steel A =arrow_forward
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