The input - output matrix for a two sector economy is given by . If the external demand for the outputs of the two sectors is , what will be the output levels of the two commodities?
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UGC-NET 2024 Question 80: Matrices, determinants and linear systems
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The input - output matrix for a two sector economy is given by A = [0.25 0.40; 0.10 0.10]. If the external demand for the outputs of the two sectors is D = [10; 20], what will be the output levels of the two commodities? (A) 26.77 and 18.43 (B) 9.33 and 24.50 (C) 26.77 and 25.20 (D) 24.33 and 25.20
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This question is on Solving linear systems, part of Matrices, determinants and linear systems in Mathematics.
Finding solutions of simultaneous linear equations by inversion, determinants or elimination.
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