Consider the following input-output matrix that defines the interdependency of five
Chapter 2, Problem 1(choose chapter or problem)
Consider the following input-output matrix that defines the interdependency of five industries. 1 2 3 4 5 1. Auto 0.15 0.10 0.05 0.05 0.10 2. Steel 0.40 0.20 0.10 0.10 0.10 3. Electricity 0.10 0.25 0.20 0.10 0.20 4. Coal 0.10 0.20 0.30 0.15 0.10 5. Chemical 0.05 0.10 0.05 0.02 0.05 Determine (a) the amount of electricity consumed in producing $1 worth of steel. (b) the amount of steel consumed in producing $1 worth in the auto industry. (c) the largest consumer of coal. (d) the largest consumer of electricity. ( e) on which industry the auto industry is most dependent.
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