1. Given the input-coefficient matrix for a hypothetical [0.1 0.51 0.3 0.2 economy made up of only two (2) industries as provide an economic interpretation for each of the elements in matrix A.

Linear Algebra: A Modern Introduction
4th Edition
ISBN:9781285463247
Author:David Poole
Publisher:David Poole
Chapter3: Matrices
Section3.7: Applications
Problem 42EQ
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1. Given the input-coefficient matrix for a hypothetical
[0.1 0.5]
A =
economy made up of only two (2) industries as
provide an economic interpretation for each of the elements
in matrix A.
0.3 0.2
Transcribed Image Text:1. Given the input-coefficient matrix for a hypothetical [0.1 0.5] A = economy made up of only two (2) industries as provide an economic interpretation for each of the elements in matrix A. 0.3 0.2
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