2. (Input-Output Model) Suppose you have a simple input-output model for the country Andersonland. The estimates in the following table are expressed in millions of dollars. Final MAgriature] 30 [ 10 [ s | 530 Mindustries | 80 [ 230 [ 130 | aaq Value-added (Labor) m_ Cost a. Given the above table, what is this table called? Explain b. Carefully explain each cell of the table and how it contributes to this simple economy. c. Define the direct coefficients matrix. What does the direct coefficients matrix tell us? Explain. d. Show the calculations of the direct coefficients matrix or technical coefficients. e. What is meant by the technical requirements matrix? What do the results of the technical requirements matrix tell us? Explain f. Carefully show the (IA)'l. You must use the matrix inversion process from linear algebra or econometrics class. g. Suppose the final demand changed because of a severe drought in Andersonland. Suppose the final demand is reduced by 15%. Carefully explain how the economic impact of this drought would affect these estimates of Andersonland. You do not need to show the estimates but explain the process of this drought on Anderson using (I-A)'1 using economic impact analysis as covered in class