1. Given interaction between 2 sectors in economyIndustryFinal DemandsGross OutputI IIIndustryI205624100II502280PrimaryInputs3016a) Knowing the input-output matrix A:20 56100 8074find X =(1- A)'D where D =F3750100 80b) If in 5 years the final demands change to 74 for industry I and 37 forindustry II, how much should each industry produce to meet thisprojected demand?c) What will be the new primary input requirements in 5 years for the 2industries?

Given the interaction between 2 sector of economy industry 1 industry 2 final demand gross…

1. Given interaction between 2 sectors in economy Industry Final Demands Gross Output II Industry 20 56 24 100 II 50 8 22 80 Primary Inputs 30 16 a) Knowing the input-output matrix A: 20 56 100 80 find X =(1- A)'D where D= 50 8 | 100 80] b) If in 5 years the final demands change to 74 for industry I and 37 for industry II, how much should each industry produce to meet this projected demand? c) What will be the new primary input requirements in 5 years for the 2 industries?

1. Given interaction between 2 sectors in economy Industry Final Demands Gross Output II Industry 20 56 24 100 II 50 8 22 80 Primary Inputs 30 16 a) Knowing the input-output matrix A: 20 56 100 80 find X =(1- A)'D where D= 50 8 | 100 80] b) If in 5 years the final demands change to 74 for industry I and 37 for industry II, how much should each industry produce to meet this projected demand? c) What will be the new primary input requirements in 5 years for the 2 industries?

Linear Algebra: A Modern Introduction

4th Edition

ISBN:9781285463247

Author:David Poole

Publisher:David Poole

Chapter6: Vector Spaces

Section6.2: Linear Independence, Basis, And Dimension

Problem 3AEXP

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