Two sectors of some economy are Sector 1 and Sector 2. The input-output table involving these two sectors results in the following value for (I-4)-', where 1.21 0.155 (I-A)-! = 0.002 1.1242 How many additional dollars worth of production of Sector 2 must be produced to meet a $1 increase in the demand for products of Sector 1? a. $0.155

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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Two sectors of some economy are Sector 1 and Sector 2. The input-output table involving these two sectors results in
the following value for (I-4)-, where
1.21 0.155
(I-A)-! =
0.002 1.1242
How many additional dollars worth of production of Sector 2 must be produced to meet a $1 increase in the demand for
products of Sector 1?
a. $0.155
O b. $1.21
O c. $1.1242
O d. $0.002
O e. $0.9692
Transcribed Image Text:Two sectors of some economy are Sector 1 and Sector 2. The input-output table involving these two sectors results in the following value for (I-4)-, where 1.21 0.155 (I-A)-! = 0.002 1.1242 How many additional dollars worth of production of Sector 2 must be produced to meet a $1 increase in the demand for products of Sector 1? a. $0.155 O b. $1.21 O c. $1.1242 O d. $0.002 O e. $0.9692
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