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 Use I − M − 1 in Problem 18 to find the output for each sector that is needed to satisfy the final demand D 1 .
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 Use I − M − 1 in Problem 18 to find the output for each sector that is needed to satisfy the final demand D 1 .
Solution Summary: The author calculates the output for each sector that is needed to satisfy the final demand D_1.
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
Use
I
−
M
−
1
in Problem
18
to find the output for each sector that is needed to satisfy the final demand
D
1
.
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