Problems 9 - 14 pertain to the following input-output model: Assume that an economy is based on two industrial sectors, agriculture A and energy E . The technology matrix M and final demand matrices (in billions of dollars) are A E A E 0.4 0.2 0.2 0.1 = M D 1 = 6 4 D 2 = 8 5 D 3 = 12 9 How much input from A and E are required to produce a dollar’s worth of output for E ?
Problems 9 - 14 pertain to the following input-output model: Assume that an economy is based on two industrial sectors, agriculture A and energy E . The technology matrix M and final demand matrices (in billions of dollars) are A E A E 0.4 0.2 0.2 0.1 = M D 1 = 6 4 D 2 = 8 5 D 3 = 12 9 How much input from A and E are required to produce a dollar’s worth of output for E ?
Solution Summary: The author explains that the production of a dollar's worth of energy requires an input of 0.2 from the agricultural sector.
Problems
9
-
14
pertain to the following input-output model: Assume that an economy is based on two industrial sectors, agriculture
A
and energy
E
. The technology matrix
M
and final demand matrices (in billions of dollars) are
A
E
A
E
0.4
0.2
0.2
0.1
=
M
D
1
=
6
4
D
2
=
8
5
D
3
=
12
9
How much input from
A
and
E
are required to produce a dollar’s worth of output for
E
?
Calculus for Business, Economics, Life Sciences, and Social Sciences (14th Edition)
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