Given the input-output matrix below, find the output matrix if final demand changes to 400 for water; 210 for electric power, and 700 for agriculture

Economics Feb 03, 2021

Given the input-output matrix below, find the output matrix if final demand changes to 400 for water; 210 for electric power, and 700 for agriculture.
Industry Electric Final _ Water Power Agriculture Demand Water 100 240 240 280 Industry: Electric Power 200 120 360 170 Agriculture 200 60 360 600 Other 500 180 240
The output matrix is X = (Round to two decimal places as needed.)

Expert Solution

If final demand changes to

For Water = 400

For Power = 210

For Agriculture = 700

The Output Matrix is X = 400+210+700 = 13.10

The final demand is 1310 and two decimal places is 13.10

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