This exercise requires the use of technology. Four sectors of the U.S. economy are (1) livestock and livestock products, (2) other agricultural products, (3) forestry and fishery products, and (4) agricultural, forestry, and fishery services. Suppose that in 1977 the input-output table involving these four sectors was as follows (all figures are in millions of dollars). Determine how these four sectors would react to an increase in demand for livestock (Sector 1) of $2,000 million, how they would react to an increase in demand for other agricultural products (Sector 2) of $2,000 million, and so on. (Round your answers to two decimal places. Let the columns of the matrix be given in millions of dollars.)

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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This exercise requires the use of technology.
Four sectors of the U.S. economy are (1) livestock and livestock products, (2) other agricultural products, (3) forestry and fishery
products, and (4) agricultural, forestry, and fishery services. Suppose that in 1977 the input-output table involving these four sectors
was as follows (all figures are in millions of dollars).
Determine how these four sectors would react to an increase in demand for livestock (Sector 1) of $2,000 million, how they would
react to an increase in demand for other agricultural products (Sector 2) of $2,000 million, and so on. (Round your answers to two
decimal places. Let the columns of the matrix be given in millions of dollars.)
Transcribed Image Text:This exercise requires the use of technology. Four sectors of the U.S. economy are (1) livestock and livestock products, (2) other agricultural products, (3) forestry and fishery products, and (4) agricultural, forestry, and fishery services. Suppose that in 1977 the input-output table involving these four sectors was as follows (all figures are in millions of dollars). Determine how these four sectors would react to an increase in demand for livestock (Sector 1) of $2,000 million, how they would react to an increase in demand for other agricultural products (Sector 2) of $2,000 million, and so on. (Round your answers to two decimal places. Let the columns of the matrix be given in millions of dollars.)
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