Question 4. Consider an economy with three goods, X; Y and Z. The matrix of coefficients and the final demand is given by 0,4 0,1 0,2] A = 0,2 0,3 0,2; the demand in the Ist sector is 160; the demand in the 2nd sector 0,1 0,4 0,3 is 160; the demand in the 3rd sector is 330. Find x, (i=1,2,3).
Question 4. Consider an economy with three goods, X; Y and Z. The matrix of coefficients and the final demand is given by 0,4 0,1 0,2] A = 0,2 0,3 0,2; the demand in the Ist sector is 160; the demand in the 2nd sector 0,1 0,4 0,3 is 160; the demand in the 3rd sector is 330. Find x, (i=1,2,3).
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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