11. Solve the following 2-industry input - output problem using X =D[I-M- An economy is based on agrieulture and fabrication. Production of a dollar's worth of agrieulture requires an input of $0.30 from agriculture and $0.20 from fabrication. Production of a dollar's worth of fabrication requires $0.10 from agriculture and $0.40 from fabrication. The demand for the economy is $50 billion for agriculture and $20 billion for fabrication. Find the final output required to meet the demand.

11. Solve the following 2-industry input - output problem using X =D[I-M- An economy is based on agrieulture and fabrication. Production of a dollar's worth of agrieulture requires an input of $0.30 from agriculture and $0.20 from fabrication. Production of a dollar's worth of fabrication requires $0.10 from agriculture and $0.40 from fabrication. The demand for the economy is $50 billion for agriculture and $20 billion for fabrication. Find the final output required to meet the demand.

Name: 11. Solve the following 2-industry input - output problem using X=D[I
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Description: 11. Solve the following 2-industry input - output problem using X=D[I-M-1An economy is based on agrieulture and fabrieation. Produetion of a dollar's worth of agrieulture requires an input ef$0.30 from agriculture and $0.20 from fabrication. Product

Linear Algebra: A Modern Introduction

4th Edition

ISBN:9781285463247

Author:David Poole

Publisher:David Poole

Chapter2: Systems Of Linear Equations

Section2.4: Applications

Problem 23EQ: 23. Consider a simple economy with just two industries: farming and manufacturing. Farming consumes...

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