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 Find I − M .
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 Find I − M .
Solution Summary: The author explains the value of I-M and the identity matrix.
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
Calculus for Business, Economics, Life Sciences, and Social Sciences (14th Edition)
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