Question 1. Closed Leontief Model 5 pts Consider a closed economy with three sectors Energy, Manufact uring and Services with consumption matrix (input-output matrix) given by 0.1 0.2 0.4 c=10.4 0.2...
1. An economy has two sectors: manufacturing and services. One unit of output from manufacturing requires inputs of 0.1 units from manufacturing and 0.8 units from ser- vices. One unit of output from services requires inputs of 0.4 units from manufacturing and 0.2 units from services. The final demand is 4 units of manufacturing and 2 units of services (e) (3 points) W which sector corresponds to each column. rite down the consumption matrix for the economy. Clearly indicate (b)...
Question 4 with LinearAlgebra) Consider an economy consisting of 3 sectors: M (manufacturing), E (energy) and T (transposrtation'). The following is known about the required inputs in each of these sectors from the outputs of different sectors for production of yearly outputs xI, x2 and x3 in the sectors M, E and T, respectively )M requires a fraction o 0.5 fraction of the output of E, and 0.2 fraction of T (ii) E requires b fraction of itself, 0.3 fraction...
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Consider an economy consisting of 3 sectors: M ('manufacturing'), E ('energy') and T ('transportation'). The following is known about the required inputs in each of these sectors from the outputs of different sectors for production of yearly outputs x1, x2 and x3 in sectors M, E and T, respectively: (i) M requires 0.5 fraction of itself, 0.1 fraction of the output of E, and 0.2...