The input-output matrix for a simplified economy with just four sectors (natural resources, manufacturing, trade and services, and personal consumption) is given below. Suppose the demand (in millions of dollars) matrix is matrix D given below. Find the amount each sector should produce. Natural Resources Manufacturing Trade and Services Personal Consumption Natural Manufacturing Trade and Resources 0.1044 0.0827 0.0867 0.6253 0.0429 0.1088 0.1019 0.3447 Production levels of units from natural resources, and units from personal consumption are needed. (Round to the nearest whole number as needed.) Services 0.0029 0.0584 0.2031 0.6105 Personal Consumption 0.0031 0.0321 0.3556 0.0798 units from manufacturing, D= 450 299 124 101 units from trade and services,
The input-output matrix for a simplified economy with just four sectors (natural resources, manufacturing, trade and services, and personal consumption) is given below. Suppose the demand (in millions of dollars) matrix is matrix D given below. Find the amount each sector should produce. Natural Resources Manufacturing Trade and Services Personal Consumption Natural Manufacturing Trade and Resources 0.1044 0.0827 0.0867 0.6253 0.0429 0.1088 0.1019 0.3447 Production levels of units from natural resources, and units from personal consumption are needed. (Round to the nearest whole number as needed.) Services 0.0029 0.0584 0.2031 0.6105 Personal Consumption 0.0031 0.0321 0.3556 0.0798 units from manufacturing, D= 450 299 124 101 units from trade and services,
Advanced Engineering Mathematics
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ISBN:9780470458365
Author:Erwin Kreyszig
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Chapter2: Second-order Linear Odes
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Transcribed Image Text:The input-output matrix for a simplified economy with just four sectors (natural resources, manufacturing, trade and
services, and personal consumption) is given below. Suppose the demand (in millions of dollars) matrix is matrix D
given below. Find the amount each sector should produce.
SEP
Natural Resources
Manufacturing
Trade and Services
Personal Consumption
3
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