Repeat Exercise with and .ExerciseConsider the production

Chapter 2, Problem 6E

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QUESTION:

Problem 6E

Repeat Exercise with and .

Exercise

Consider the production model x = Cx + d for an economy with two sectors, where

Use an inverse matrix to determine the production level necessary to satisfy the final demand.

Questions & Answers

QUESTION:

Problem 6E

Repeat Exercise with and .

Exercise

Consider the production model x = Cx + d for an economy with two sectors, where

Use an inverse matrix to determine the production level necessary to satisfy the final demand.

ANSWER:

Solution :

Step 1 :

Tn this problem we have to determine the production level  necessary to satisfy the final demand.

given that  

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