Math Problem Statement
For the following transaction matrix, find the gross output for each industry for the final demands 18 and 44 units respectively.
Industry Input to Final Demand I II I 16 20 4 II 8 40 32
Solution
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Math Problem Analysis
Mathematical Concepts
Linear Algebra
Systems of Linear Equations
Formulas
Matrix Algebra for solving systems of equations
Theorems
-
Suitable Grade Level
Advanced High School / College
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