The consumption matrix C for the U.S economy in 1972 has the property that every entry in the matrix (1 –C)–1 Is nonzero (and positive).1.What does that say about the effect of raising the demand for the output of just one sector of the economy?
The consumption matrix C for the U.S economy in 1972 has the property that every entry in the matrix (1 –C)–1 Is nonzero (and positive).1.What does that say about the effect of raising the demand for the output of just one sector of the economy?
Linear Algebra: A Modern Introduction
4th Edition
ISBN:9781285463247
Author:David Poole
Publisher:David Poole
Chapter3: Matrices
Section3.7: Applications
Problem 75EQ
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The consumption matrix C for the U.S economy in 1972 has the property that every entry in the matrix (1 –C)–1 Is nonzero (and positive).1.What does that say about the effect of raising the demand for the output of just one sector of the economy?
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