Matrix A is an input-output matrix associated with an economy, and matrix D (units in millions of dollars) is a demand vector. Find the final outputs of each industry so that the demands of both industry and the open sector are met.
A) $32.80 million, $33.00 million and $25.20 million output of the first, the second and the third sectors respectively
B) $52.80 million, $58.00 million and $25.20 million output of the first, the second and the third sectors respectively
C) $32.80 million, $58.00 million and $22.20 million output of the first, the second and the third sectors respectively
D) $52.80 million, $33.00 million and $22.20 million output of the first, the second and the third sectors respectively

Question

Matrix A is an input-output matrix associated with an economy, and matrix D (units in millions of dollars) is a demand vector. Find the final outputs of each industry so that the demands of both industry and the open sector are met. ​  ​
A) $32.80 million, $33.00 million and $25.20 million output of the first, the second and the third sectors respectively 
B) $52.80 million, $58.00 million and $25.20 million output of the first, the second and the third sectors respectively 
C) $32.80 million, $58.00 million and $22.20 million output of the first, the second and the third sectors respectively 
D) $52.80 million, $33.00 million and $22.20 million output of the first, the second and the third sectors respectively

Quizplus · Accepted Answer

The Answer of Matrix A is an input-output matrix associated with an economy, and matrix D (units in millions of dollars) is a demand vector. Find the final outputs of each industry so that the demands of both industry and the open sector are met. ​  ​
A) $32.80 million, $33.00 million and $25.20 million output of the first, the second and the third sectors respectively 
B) $52.80 million, $58.00 million and $25.20 million output of the first, the second and the third sectors respectively 
C) $32.80 million, $58.00 million and $22.20 million output of the first, the second and the third sectors respectively 
D) $52.80 million, $33.00 million and $22.20 million output of the first, the second and the third sectors respectively

Matrix a Is an Input-Output Matrix Associated with an Economy