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I HAVE 2 hours to complete please solve c and d 1. Consider the following input output table for an economy involviag 4 sectors in

I HAVE 2 hours to complete please solve c and d image text in transcribed
1. Consider the following input output table for an economy involviag 4 sectors in the U.S. in 2018 (all quantities are mensured in millions of units): (a) [5 points] Find the technology matrix A associated with this coonomy. Round all answers to four decimal places. What is the physical meaning of entry a32 ? (b) [5 points] The (IA)1 matrix for this systetn is given by (IA)1=1.09730.03120.00970.00420.00191.24330.00200.10290.001001.18430.01050.01080.00030.00701.0881 Find the production levels nexded to meet an extermal demand of $1,209 million in products from the Textiles setor, $2,100 mallion in the Agrieulture setor, $1,000 nillion in the Paper Products sector, and $2,200 million in the Machinery eector. Round your annwers to two decimal places, and explain your restalt in complete sentences. (c) [5 points] Fiad the change in production levels necded to meet a dectease in demand of $1,000 million worth of agricultural products and services together with a decrease in demand of 52,300) million worth of paper products (with no change in the other sectons). Round your auswers to tao decimal places, and explain your result in complete seatences. (d) [5 points] Sensitivity Analysis: In order to se how setsitive this econoury is to dhanges in dennand in the Textiles setor, we will look at the changes in prodaction levels needed to meet various changes in external demand for textiles (assuming all other sectork remain at the same changes in deanand). Open the Exoel spreadsheet titled Problem 1.Sp2. on Moodle. Inside, you will find the results of a rudimentary sezsitivity aanalysis where the chasge in demand for textiles is varied in increanents of $2000 million, while the change in demand in all other setors remains fixed. In each case, the change in production levels for each sector are calculated and plotted agaist the change in deenand in the Textiles scctor. Use the results provided to explain the effects of the change in demand for textiles on each soctor of the ecosomy. Which sectors are mont/least affected? What is the impart oa the textiles secter specifically

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