A closed model for an economy has a manufacturing industry, utilities industry, and households industry. Each unit of manufacturing output uses 0.6 unit of manufacturing input, 0.4 unit of utilities input, and 0.1 unit of households input. Each unit of utilities output requires 0.3 unit of manufacturing input, 0.5 unit of utilities input, and 0.1 unit of households input. Each unit of household output requires 0.2 unit each of manufacturing and utilities input and 0.4 unit of households input. Write the augmented matrix for this closed model of the economy.

Question

A closed model for an economy has a manufacturing industry, utilities industry, and households industry. Each unit of manufacturing output uses 0.6 unit of manufacturing input, 0.4 unit of utilities input, and 0.1 unit of households input. Each unit of utilities output requires 0.3 unit of manufacturing input, 0.5 unit of utilities input, and 0.1 unit of households input. Each unit of household output requires 0.2 unit each of manufacturing and utilities input and 0.4 unit of households input. Write the augmented matrix for this closed model of the economy. ​

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The Answer of A closed model for an economy has a manufacturing industry, utilities industry, and households industry. Each unit of manufacturing output uses 0.6 unit of manufacturing input, 0.4 unit of utilities input, and 0.1 unit of households input. Each unit of utilities output requires 0.3 unit of manufacturing input, 0.5 unit of utilities input, and 0.1 unit of households input. Each unit of household output requires 0.2 unit each of manufacturing and utilities input and 0.4 unit of households input. Write the augmented matrix for this closed model of the economy. ​

A Closed Model for an Economy Has a Manufacturing Industry