Question
An economy is based on four sectors, agriculture (A), energy (E), labor (L), and manufacturing (M). The table gives the input requirements for a
An economy is based on four sectors, agriculture (A), energy (E), labor (L), and manufacturing (M). The table gives the input requirements for a dollar's worth of output for each sector, along with the projected final demand (in billions of dollars) for a 3-year period. Find the output for each sector that is needed to satisfy each of these final demands. Input Output Final Demand A E L M 1 2 3 AELM A 0.07 0.15 0.25 0.07 24 31 54 0.08 0.14 0.17 0.20 42 47 62 0.26 0.10 0.01 0.33 18 20 26 0.11 0.19 0.30 0.16 32 33 36 Identify the technology matrix M. M = (Type an integer or decimal for each matrix element.)
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Get StartedRecommended Textbook for
College Mathematics for Business Economics Life Sciences and Social Sciences
Authors: Raymond A. Barnett, Michael R. Ziegler, Karl E. Byleen
12th edition
321614003, 978-0321614001
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