[M] Use equation (6) to solve the problem in Exercise 13. Set How many steps ar...

[M] Use equation (6) to solve the problem in Exercise 13. Set

How many steps are needed to obtain the answer in Exercise 13 to four significant figures?

Reference Exercise 13:

[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.)