. 12. Given the input-output matrixIndustryOil180FinalDemandIndustryHealth240120Housing144Health36Oil3648156240HousingOther120724812072240Suppose final demand changes to 77 for Health, 154 Oil, and 231 for Housing. Find theoutput matrix for the economy. (The entries are in billions of pesos).

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Answered: Suppose final demand changes to 77 for…

Suppose final demand changes to 77 for Health, 154 Oil, and 231 for Housing. Find the output matrix for the economy. (The entries are in billions of pesos).

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter22: Inflation

Section: Chapter Questions

Problem 2SCQ: Construct the price index for a fruit basket in each year using 2003 as the base year.

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Question

12. Given the input-output matrix
Industry
Oil
180
Final
Demand
Industry
Health
240
120
Housing
144
Health
36
Oil
36
48
156
240
Housing
Other
120
72
48
120
72
240
Suppose final demand changes to 77 for Health, 154 Oil, and 231 for Housing. Find the
output matrix for the economy. (The entries are in billions of pesos).

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