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Could you please help me solve this question! I am having trouble inserting the numbers I have solved for into the 4x4 matrix box. I
Could you please help me solve this question! I am having trouble inserting the numbers I have solved for into the 4x4 matrix box. I am confused as to how the answer is supposed to be formatted there. Could you please provide your answer in the 4x4 matrix format? It would be a big help!
Best regards!
8. 0/16 Points) DETAILS PREVIOUS ANSWERS MY NOTES This exercise requires the use of technology. Four sectors of the U.S. economy are (1) livestock and livestock products, (2) other agricultural products, (3) forestry and fishery products, and (4) agricultural, Forestry, and fishery services. Suppose that in 1977 the input-output table invalving these four sectors was as follows (all figures are in millions of dollars). Determine how these four sectors would react to an increase in demand for livestock (Sector 1) of $3,000 million, how they would react to an increase in demand for other agricultural products (Sector 2) of $3,000 million, and so on. {Round your answers to two decimal places. Let the columns of the matrix be given in millions of dollars.) IX X 1 1 2 4 From 1 2 9 109 11,937 25,649 855 4,744 4,285 5 0 4 5,423 10,952 Total Output 97,795 120,594 439 3.002 215 47,473 14,642 Submit Answer 8. 0/16 Points) DETAILS PREVIOUS ANSWERS MY NOTES This exercise requires the use of technology. Four sectors of the U.S. economy are (1) livestock and livestock products, (2) other agricultural products, (3) forestry and fishery products, and (4) agricultural, Forestry, and fishery services. Suppose that in 1977 the input-output table invalving these four sectors was as follows (all figures are in millions of dollars). Determine how these four sectors would react to an increase in demand for livestock (Sector 1) of $3,000 million, how they would react to an increase in demand for other agricultural products (Sector 2) of $3,000 million, and so on. {Round your answers to two decimal places. Let the columns of the matrix be given in millions of dollars.) IX X 1 1 2 4 From 1 2 9 109 11,937 25,649 855 4,744 4,285 5 0 4 5,423 10,952 Total Output 97,795 120,594 439 3.002 215 47,473 14,642 SubmitStep by Step Solution
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