Neel Tulsan
New member
- Joined
- Nov 3, 2020
- Messages
- 4
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
My solution is attached. Am I doing it well?
Thanks
Assuming X =AX + D
or X = inverse(I-A).D
The input output model for the following sectors have been input below. | ||||
in Millions$ | ||||
Agriculture | Manufacture | Energy | ||
Agriculture | 11 | 3 | 0 | |
Manufacture | 1 | 13 | 4 | |
Energy | 0 | 1 | 10 | |
Total | 12 | 17 | 14 | |
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