Answer to Question #7458 in Matrix | Tensor Analysis for Samuel

Question

Question one: matrices and input –output analysis
In an economy there are three sectors; agriculture, industry and fishing, the following table gives the
supply and demand positions of the sectors in shillings.
PRODUCER
AGRICULTURE INDUSTRY FISHING FINAL
DEMAND
TOTAL OUTPUT
AGRICULTURE 400 600 500 1000 2500
INDUSTRY 1200 600 600 1200 3600
FISHING 200 400 500 300 1400
Determine the total output given that final demand increases to 4800, 1600 and 600 respectively 8mks