Problems 15-20 pertain to the following input-output model: Assume that an economy is based on three industrial sectors: agriculture A , building B , and energy E . The technology matrix M and final demand matrices (in billions of dollars) are A B E A B E 0.3 0.2 0.2 0.1 0.1 0.1 0.2 0.1 0.1 = M D 1 = 5 10 15 D 2 = 20 15 10 How much input from A , B , and E are required to produce a dollar’s worth of output for B ?
Problems 15-20 pertain to the following input-output model: Assume that an economy is based on three industrial sectors: agriculture A , building B , and energy E . The technology matrix M and final demand matrices (in billions of dollars) are A B E A B E 0.3 0.2 0.2 0.1 0.1 0.1 0.2 0.1 0.1 = M D 1 = 5 10 15 D 2 = 20 15 10 How much input from A , B , and E are required to produce a dollar’s worth of output for B ?
Solution Summary: The author calculates the input from A, B and E to produce a dollar's worth of output for B.
Problems 15-20 pertain to the following input-output model: Assume that an economy is based on three industrial sectors: agriculture
A
,
building
B
,
and energy
E
.
The technology matrix
M
and final demand matrices (in billions of dollars) are
A
B
E
A
B
E
0.3
0.2
0.2
0.1
0.1
0.1
0.2
0.1
0.1
=
M
D
1
=
5
10
15
D
2
=
20
15
10
How much input from
A
,
B
,
and
E
are required to produce a dollar’s worth of output for
B
?
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