Suppose an economy has four sectors: Mining, Lumber, Energy, and Transportation. Mining sells 20% of its output to Lumber, 70% to Energy, and retains the rest. Lumber sells 15% of its output to Mining, 50% to Energy, 25% to Transportation, and retains the rest. Energy sells 10% of its output to Mining, 15% to Lumber, 20% to Transportation, and retains the rest. Transportation sells 10% of its output to Mining, 10% to Lumber, 40% to Energy, and retains the rest. a. Construct the exchange table for this economy. b. Find a set of equilibrium prices for this economy. .... a. Complete the exchange table below. Distribution of Output from: Mining Lumber Energy Transportation Purchased by: Mining Lumber Energy Transportation

Suppose an economy has four sectors: Mining, Lumber, Energy, and Transportation. Mining sells 20% of its output to Lumber, 70% to Energy, and retains the rest. Lumber sells 15% of its output to Mining, 50% to Energy, 25% to Transportation, and retains the rest. Energy sells 10% of its output to Mining, 15% to Lumber, 20% to Transportation, and retains the rest. Transportation sells 10% of its output to Mining, 10% to Lumber, 40% to Energy, and retains the rest. a. Construct the exchange table for this economy. b. Find a set of equilibrium prices for this economy. .... a. Complete the exchange table below. Distribution of Output from: Mining Lumber Energy Transportation Purchased by: Mining Lumber Energy Transportation

Linear Algebra: A Modern Introduction

4th Edition

ISBN:9781285463247

Author:David Poole

Publisher:David Poole

Chapter2: Systems Of Linear Equations

Section2.4: Applications

Problem 27EQ

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