Given the input-output matrix below, find the output matrix if final demand changes to 600 for water, 130 for electric power, and 700 for agriculture. The output matrix is x = (Round to two decimal places as needed.) Given the input-output matrix below, find the output matrix if final demand changes to 600 for water, 130 for electric power, and 700 for agriculture. Industry Electric Water Power Agriculture Final Demand Water 160 300 200 Industry: Electric Power 80 120 300 Agriculture 240 60 200 Other 320 120 300 22201 400 The output matrix is X=☐ (Round to two decimal places as needed.)

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
icon
Related questions
Question
None
Given the input-output matrix below, find the output
matrix if final demand changes to 600 for water, 130 for
electric power, and 700 for agriculture.
The output matrix is x =
(Round to two decimal places as needed.)
Given the input-output matrix below, find the output matrix if final demand changes to 600 for water, 130 for
electric power, and 700 for agriculture.
Industry
Electric
Water
Power
Agriculture Final Demand
Water
160
300
200
Industry: Electric Power
80
120
300
Agriculture
240
60
200
Other
320
120
300
22201
400
The output matrix is X=☐
(Round to two decimal places as needed.)
Transcribed Image Text:Given the input-output matrix below, find the output matrix if final demand changes to 600 for water, 130 for electric power, and 700 for agriculture. The output matrix is x = (Round to two decimal places as needed.) Given the input-output matrix below, find the output matrix if final demand changes to 600 for water, 130 for electric power, and 700 for agriculture. Industry Electric Water Power Agriculture Final Demand Water 160 300 200 Industry: Electric Power 80 120 300 Agriculture 240 60 200 Other 320 120 300 22201 400 The output matrix is X=☐ (Round to two decimal places as needed.)
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Recommended textbooks for you
ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
Economics
ISBN:
9780190931919
Author:
NEWNAN
Publisher:
Oxford University Press
Principles of Economics (12th Edition)
Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON
Engineering Economy (17th Edition)
Engineering Economy (17th Edition)
Economics
ISBN:
9780134870069
Author:
William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:
PEARSON
Principles of Economics (MindTap Course List)
Principles of Economics (MindTap Course List)
Economics
ISBN:
9781305585126
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Managerial Economics: A Problem Solving Approach
Managerial Economics: A Problem Solving Approach
Economics
ISBN:
9781337106665
Author:
Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:
Cengage Learning
Managerial Economics & Business Strategy (Mcgraw-…
Managerial Economics & Business Strategy (Mcgraw-…
Economics
ISBN:
9781259290619
Author:
Michael Baye, Jeff Prince
Publisher:
McGraw-Hill Education