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 of each of B ’s output dollars is required as input for each of the three sectors?
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 of each of B ’s output dollars is required as input for each of the three sectors?
Solution Summary: The author explains that the production value of each output of B (in billion dollars) that is required as input for each of the three sectors is 0
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 of each of B’s output dollars is required as input for each of the three sectors?
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Chapter 4 Solutions
Finite Mathematics for Business, Economics, Life Sciences and Social Sciences Plus NEW MyLab Math with Pearson eText -- Access Card Package (13th Edition)
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