(a) Given the input-output table for the two sector economy Producer Consumer: Agriculture Consumer: Industry Final demand Total output Agriculture…
Class 12 Business Mathematics · 2082 · Solved Question with Answer
(a) Given the input-output table for the two sector economy
| Producer | Consumer: Agriculture | Consumer: Industry | Final demand | Total output |
| Agriculture | 1500 | 2500 | 1000 | 5000 |
| Industry | 2000 | 2500 | 3000 | 7500 |
(a) Calculate the input-output coefficient matrix.
(b) Calculate the Leontief matrix \( (I - A) \), where I being unit matrix of order 2.
(c) Test Hawkins-Simon condition for the viability of the system.