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Mathematics, 02.03.2020 22:52 agm0102

A system composed of two industries, one producing Widgets and one products Whatsits, has the following input requirements.

a. To produce $1.00 worth of output, the Widget industry requires $0.10 of its own product and $0.80 of Whatsits.
b. To produce $1.00 worth of output, the Whatsit industry requires $0.10 of its own product and $0.20 of Widgets.

1. Find D, the input-output matrix for this system.
b. Solve for the output matrix X in the equation X= DX+E, where E is the external demand matrix.

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