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4. An economy has three industries, agriculture, manufacturing, and households. For every dollar of food produced, the a
Posted: Mon May 09, 2022 11:22 am
by answerhappygod
- 4 An Economy Has Three Industries Agriculture Manufacturing And Households For Every Dollar Of Food Produced The A 1 (25.23 KiB) Viewed 19 times
4. An economy has three industries, agriculture, manufacturing, and households. For every dollar of food produced, the agiculturalists use $0.12, the manufacturers use $0.05, and households use $0.18. For every dollar of manufacturing, the manufacturers use $0.07, the agiculturalists lise $0.12, and households use $0.01. For every dollar of household production, the households use $0.11, the manufacturers use $0.11, and the agiculturalists use $0.17. If the external demand for food is $270 million, for manufacturing is $200 million, and for household products is $250 million, what should be the total production for each industry? (a) Write the consumption matrix A. (1) Write the matrix I-A. (c) Augment the matrix from part (b) with the demand. (d) Un GeoGebra to row reduced the matrix from (e). (e) What should be the total production for each industry?