The input-output table for a two-sector economy is given as follows: Input to Sector Input to Sector Final Demand Total output Output from Sector X 600 400 200 Output from Sector Y 600 200 Value Added Total Input Total Output for sector X= 1200 Total Output for sector X= 1000 Total Output for sector X- 200 Total Output for sector X= 1220

The input-output table for a two-sector economy is given as follows: Input to Sector Input to Sector Final Demand Total output Output from Sector X 600 400 200 Output from Sector Y 600 200 Value Added Total Input Total Output for sector X= 1200 Total Output for sector X= 1000 Total Output for sector X- 200 Total Output for sector X= 1220

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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