12. Given the input-output matrix Industry Oil 180 36 72 72 Industry Final Demand Housing 144 Health Health 240 120 120 120 36 Oil 48 156 Housing Other 48 240 240 Suppose final demand changes to 77 for Health, 154 Oil, and 231 for Housing. Find the output matrix for the economy. (The entries are in billions of pesos).
12. Given the input-output matrix Industry Oil 180 36 72 72 Industry Final Demand Housing 144 Health Health 240 120 120 120 36 Oil 48 156 Housing Other 48 240 240 Suppose final demand changes to 77 for Health, 154 Oil, and 231 for Housing. Find the output matrix for the economy. (The entries are in billions of pesos).
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter22: Inflation
Section: Chapter Questions
Problem 2SCQ: Construct the price index for a fruit basket in each year using 2003 as the base year.
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