Input-Output Model Assignment | Homework For You
December 3rd, 2019
Problem Set 2, Due Thursday, June 20 (in class) by the start of lecture.1. Obtain | A|123301a) A=012b)A =c)A =02 11-523120d)A =2. Obtain A-130a) A=00-1 000b) A =13. Does A have an inverse?12 13 14A =15 16 1718 19 204. Find the determinant of C:bCC =3d to 3e+b 3f+ cifbC14 = de=3ghi5. A Three-Sector Input-Output Model In this case the consists of three industries: an agricultural industry, a mining industry,and a manufacturing industry.
To produce one unit of agricultural output, the agricultural sector requires $0.3 of itsown output, 50.2 of mining output and $0.4 of manufacturing output.To produce one unit of mining output, the mining sector requires $0.5 of agricultural output, 50.2 of its own output, and $0.2 of manufacturing output.To produce one unit of manufacturing output requires$0.3 of agricultural output, $0.3 ofmining output, and $0.3 of its own output.Demands by consumers amount to $20,000, $10,000, and $40,000 for goods 1, 2, and 3,respectively. Find the quantities of output for the three sectors. Get Economics homework help today
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