Input output model

Neel Tulsan

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Joined
Nov 3, 2020
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Hi. I've managed to solve the cramer's rule for the input output model below.
Assuming X =AX + D
or X = inverse(I-A).D


The input output model for the following sectors have been input below.
in Millions$
AgricultureManufactureEnergy
Agriculture1130
Manufacture1134
Energy0110
Total121714
Find the technology matrix A
Assuming a rise in external demand for agriculture of $3million and Manufacture $2million, find:
(ii) the system of linear equation that would give the change in production?
(iii) the change in production using Cramer's Rule


My solution is attached. Am I doing it well?

Thanks
 

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