Consider the production model x = Cx + d for an economy with two sectors and the consumption matrix C. Complete parts a and b below. 0.2 0.5 C= 0.4 0.5 a. Determine the production level necessary to satisfy a final demand for 1 unit of output from sector 1. The production level is (Type integers or decimals.) 52 b. Use an inverse matrix to determine the production level necessary to satisfy a final demand of 28 The production level is (Type integers or decimals.)

Consider the production model x = Cx + d for an economy with two sectors and the consumption matrix C. Complete parts a and b below. 0.2 0.5 C= 0.4 0.5 a. Determine the production level necessary to satisfy a final demand for 1 unit of output from sector 1. The production level is (Type integers or decimals.) 52 b. Use an inverse matrix to determine the production level necessary to satisfy a final demand of 28 The production level is (Type integers or decimals.)

Algebra & Trigonometry with Analytic Geometry

13th Edition

ISBN:9781133382119

Author:Swokowski

Publisher:Swokowski

Chapter9: Systems Of Equations And Inequalities

Section: Chapter Questions

Problem 21T

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