Consider an open production model having n industries with n > 1. In order to produce $1 of its own output, the j th ind

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Consider An Open Production Model Having N Industries With N 1 In Order To Produce 1 Of Its Own Output The J Th Ind 1 (81.7 KiB) Viewed 34 times

Consider an open production model having n industries with n > 1. In order to produce $1 of its own output, the j th industry must spend $(1/n) for the output of the i th industry (for all i + j), but the j th industry (for all j = 1,2,3,..., n ) spends nothing for its own output. Write a program with n is input by a user to do the following • Construct the input-output matrix Cn. • The matrix input-output C is called productive if (I – C)-7 exists and (I – C)-? > 0. Show that Cn is productive. • Find the vector output-values of this system.