Question
Refer to the following Leontief inverse matrix that reflects the output impacts of changes in final demands of the sectors. M=(I-A)-1: Production sectors Agriculture
Refer to the following Leontief inverse matrix that reflects the output impacts of changes in final demands of the sectors. M=(I-A)-1: Production sectors Agriculture 05011800 Manufacture Services Agriculture Manufacture Services 1.248 0.009 0.012 0.61 0.175 1.241 0.231 0.13 1.118 If there occurs a 1 worth increase in the final demand for Manufacture outputs, ceteris paribus, eventually how much would be the total production increase in the whole economy fulfilling such a demand?
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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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