An industrial system with three industries has the input-output matrix D and external demand matrix E below. Solve for the output matrix X in the equation
X = DX + E.
D=begin{bmatrix}0.1 & 0.3&0.2 0.0 & 0.2&0.30.4&0.1&0.1 end{bmatrix} text{ and } E=begin{bmatrix}3000 35008500 end{bmatrix}
Globokim8 2021-02-14Answered
An industrial system with three industries has the input-output matrix D and external demand matrix E below. Solve for the output matrix X in the equation
X = DX + E.
Step 1
Given:
The equation X=DX+E
and the matrices:
Step 2
To solve the equation
X=DX+E
Subtract DX from both sides
X-DX=E
Pre-multiply both sides by
Step 3
To simplify further, compute the matrix (I-D), and then its