Solution Found!

Linear Algebra and Its Applications | 5th Edition | ISBN: 9780321982384 | Authors: David C. Lay; Steven R. Lay; Judi J. McDonald
Change Question

[M] The consumption matrix C below is based on

Chapter 2, Problem 13E

(choose chapter or problem)

Get Unlimited Answers
QUESTION:

[M] The consumption matrix C below is based on input– output data for the U.S. economy in 1958, with data for 81 sectors grouped into 7 larger sectors: (1) nonmetal household and personal products, (2) final metal products (such as motor vehicles), (3) basic metal products and mining, (4) basic nonmetal products and agriculture, (5) energy, (6) services, and (7) entertainment and miscellaneous products.2 Find the production levels needed to satisfy the final demand d. (Units are in millions of dollars.)

\(\left[\begin{array}{ccccccc}.1588 & .0064 & .0025 & .0304 & .0014 & .0083 & .1594 \\ .0057 & .2645 & .0436 & .0099 & .0083 & .0201 & .3413 \\ .0264 & 1506 & .3557 & .0139 & .0142 & .0070 & .0236 \\ .3299 & .0565 & .0495 & .3636 & .0204 & .0483 & .0649 \\ .0089 & .0081 & .0333 & .0295 & .3412 & .0237 & .0020 \\ .1190 & .0901 & .0996 & .1260 & .1722 & .2368 & .3369 \\ .0063 & .0126 & .0196 & .0098 & .0064 & .0132 & .0012\end{array}\right] \text {, }\)

\(\mathbf{d}=\left[\begin{array}{r}74,000 \\ 56,000 \\ 10,500 \\ 25,000 \\ 17,500 \\ 196,000 \\ 5,000\end{array}\right]\)

Questions & Answers

QUESTION:

[M] The consumption matrix C below is based on input– output data for the U.S. economy in 1958, with data for 81 sectors grouped into 7 larger sectors: (1) nonmetal household and personal products, (2) final metal products (such as motor vehicles), (3) basic metal products and mining, (4) basic nonmetal products and agriculture, (5) energy, (6) services, and (7) entertainment and miscellaneous products.2 Find the production levels needed to satisfy the final demand d. (Units are in millions of dollars.)

\(\left[\begin{array}{ccccccc}.1588 & .0064 & .0025 & .0304 & .0014 & .0083 & .1594 \\ .0057 & .2645 & .0436 & .0099 & .0083 & .0201 & .3413 \\ .0264 & 1506 & .3557 & .0139 & .0142 & .0070 & .0236 \\ .3299 & .0565 & .0495 & .3636 & .0204 & .0483 & .0649 \\ .0089 & .0081 & .0333 & .0295 & .3412 & .0237 & .0020 \\ .1190 & .0901 & .0996 & .1260 & .1722 & .2368 & .3369 \\ .0063 & .0126 & .0196 & .0098 & .0064 & .0132 & .0012\end{array}\right] \text {, }\)

\(\mathbf{d}=\left[\begin{array}{r}74,000 \\ 56,000 \\ 10,500 \\ 25,000 \\ 17,500 \\ 196,000 \\ 5,000\end{array}\right]\)

ANSWER:

Solution Step 1:Let It turns out is invertible. Here for

Add to cart

Study Tools You Might Need

Chapter: 1 Problem: 1.100

Chemistry 11
Bronze is an alloy made of copper (Cu) and tin (Sn). Calculate the mass of a bronze cylinder of radius 6.44 cm and length 44.37 cm. The composition of the bronze is 79.42 percent Cu and 20.58 percent Sn and the densities of Cu and Sn are 8.94 \(\mathrm{g} / \mathrm{cm}^{3}\) and 7.31 \(\mathrm{g} /

Chapter: 1 Problem: PROBLEM 1-11

Organic Chemistry 9
Draw complete Lewis structures for the following condensed structural formulas. (a) CH3(CH2)3CH(CH3)2 (b) (CH3)2CHCH2Cl (c) CH3CH2COCN (d) CH2CHCHO (e) (CH3)3CCOCHCH2 (f) CH3COCOOH (g) (CH3CH2)2CO (h) (CH3)3COH

Chapter: 8 Problem: 24

Anatomy & Physiology 1
The pelvis ________. a. has a subpubic angle that is larger in females b. consists of the two hip bones, but does not include the sacrum or coccyx c. has an obturator foramen, an opening that is defined in part by the sacrospinous and sacrotuberous ligaments d. has a space located inferior to the pel

Chapter: 26 Problem: 1

Glencoe Accounting: First Year Course, Student Edition 1
Promissory Notes a. Name the two parties to a promissory note. Which party issues the note? Which party receives the note? b. Describe a situation in which a business might (a) receive a promissory note and (b) issue a promissory note.

Chapter: 5 Problem: 3

Principles of Economics 1
Why is the demand curve with constant unitary elasticity concave?

Chapter: 13 Problem: 2

Psychology 5
When women aggress, they usually a. engage in reactive rather than proactive aggression. b. have high testosterone. c. cause social harm rather than physical harm. d. experience frustration.

Chapter: 12 Problem: 4

Urban Economics 8
In Figure 121 , suppose the total achievement curve can be described as Achievement , so the marginal-benefit curve for teachers can be described as marginal bene?t . a. Compute the ef?cient number of teachers for the following teacher wages: {6, 10}. b. Illustrate with a graph like the one sho

Chapter: 3 Problem: 7

Urban Economics 8
Consider corporations that use advertising firms to develop marketing campaigns. Each corporation buys one campaign per year, and the cost per campaign is $120n , where n the number of corporations in the cluster (and campaigns per year). The cost of labor per firm is $30 n . A corporations profit eq

Not The Solution You Need? Search for Your Answer Here:

×

Login

Login or Sign up for access to all of our study tools and educational content!

Forgot password?
Register Now

×

Register

Sign up for access to all content on our site!

Or login if you already have an account

×

Reset password

If you have an active account we’ll send you an e-mail for password recovery

Or login if you have your password back