Suppose a four sector economy presents the following internal consumption matrix A and external demand...
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Algebra
Suppose a four sector economy presents the following internal consumption matrix A and external demand vector d A 0 100 0 0 50 0 0 010 0 0 020 0 025 0 0 080 0 0 0 030 0 0 0 020 Vector D 10 20 30 40 A 0 100 0 0 010 0 0 0 030 0 080 0 0 050 0 0 020 0 025 0 0 0 0 020 d 10 20 30 40 Find the production vector to satisfy this demand accurate to four decimal places by using technology 1 Invert the appropriate matrix 2 Invert the appropriate matrix using the power approximation up to power 5 3 After completing parts 1 and 2 discuss your observations
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