Two sectors of some economy are Sector 1 and Sector 2. The input-output table involving these two sectors results in the following value for $$( I - A ) ^ { - 1 }$$ $$( I - A ) ^ { - 1 } = \left[ \begin{array} { l l }
1.313 & 0.162 \
0.007 & 1.1331
\end{array} \right]$$
How many additional dollars worth of production of Sector 2 must be produced to meet a $1 increase in the demand for products of Sector 1 Round your answer to three decimal places.

Question

Two sectors of some economy are Sector 1 and Sector 2. The input-output table involving these two sectors results in the following value for $$( I - A ) ^ { - 1 }$$   $$( I - A ) ^ { - 1 } = \left[ \begin{array} { l l } 
1.313 & 0.162 \
0.007 & 1.1331
\end{array} \right]$$  
How many additional dollars worth of production of Sector 2 must be produced to meet a $1 increase in the demand for products of Sector 1  Round your answer to three decimal places.

Quizplus · Accepted Answer

The Answer of Two sectors of some economy are Sector 1 and Sector 2. The input-output table involving these two sectors results in the following value for $$( I - A ) ^ { - 1 }$$   $$( I - A ) ^ { - 1 } = \left[ \begin{array} { l l } 
1.313 & 0.162 \
0.007 & 1.1331
\end{array} \right]$$  
How many additional dollars worth of production of Sector 2 must be produced to meet a $1 increase in the demand for products of Sector 1  Round your answer to three decimal places.

Two Sectors of Some Economy Are Sector 1 and Sector (I−A)−1( I - A ) ^ { - 1 }(I−A)−1

Two Sectors of Some Economy Are Sector 1 and Sector $( I - A ) ^ { - 1 }$