1. In order to produce $1of its own output, the j th industry must spend $(1/n) for the output of the i th industry(for all i + j ), but the j th industry (for all j= 1,2,3,...,n) spends nothing for...


TOPIC 3. Consider an open production model having n industries with n > 1. In order to produce $1<br>of its own output, the j th industry must spend $(1/n) for the output of the i th industry<br>(for all i + j ), but the j th industry (for all j= 1,2,3,...,n) spends nothing for its own<br>output. Write a program with n is input by a user to do the following<br>Construct the input-output matrix Cn-<br>The matrix input-output C is called productive if (I - C)-1 exists and (I - C)-l> 0.<br>Show that C, is productive.<br>• Find the vector output-values of this system.<br>

Extracted text: TOPIC 3. Consider an open production model having n industries with n > 1. In order to produce $1 of its own output, the j th industry must spend $(1/n) for the output of the i th industry (for all i + j ), but the j th industry (for all j= 1,2,3,...,n) spends nothing for its own output. Write a program with n is input by a user to do the following Construct the input-output matrix Cn- The matrix input-output C is called productive if (I - C)-1 exists and (I - C)-l> 0. Show that C, is productive. • Find the vector output-values of this system.

Jun 05, 2022
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