Answer to Question #51518 in Other Economics for zem

Question #51518
Suppose the technology matrix is A= 0.2 0.3 0.2 0 4 0.1 0.2 0.1 0.3 0.2 Let the final demand sector be D = 10 5 6 Find the level of production of the three goods.
1
Expert's answer
2015-03-24T10:13:22-0400
If the technology matrix is
A= 0.2 0.3 0.2
0.4 0.1 0.2
0.1 0.3 0.2
and the final demand sector is
D = 10
5
6
the level of production of the three goods will be:
A*D = 0.2 0.3 0.2. 10 2 3 2
(0.4 0.1 0.2)*(5 ) = 2 0.5 1
0.1 0.3 0.2 6 0.6 1.8 1.2

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