Let C and d be as in Exercise 5 a. Determine the production level necessary to satisfy...

Let C and d be as in Exercise 5

a. Determine the production level necessary to satisfy a final demand for 1 unit of output from sector 1.

b. Use an inverse matrix to determine the production level necessary to satisfy a final demand of

c. Use the fact that

to explain how and why the answers to parts (a) and (b) and to Exercise 5 are related.

Reference Exercise 5:

Considder the production model x = Cx + d for an economy with two sectors, where

Use an inverse matrix to determine the production level necessary to satisfy the final demand.