Problem

Use the input-output matrix A and the consumer demand matrix D to solve the matrix equation (IA)X=D for the total output matrix X. (Round your answers to three decimal places).
A=[0.40.20.30.1] and D=[1416].X=[

Answer

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Answer

X=[32.91728.75] is the solution to the matrix equation

Steps

Step 1 :Given the input-output matrix A=[0.40.20.30.1] and the consumer demand matrix D=[1416]

Step 2 :We need to solve the matrix equation (IA)X=D for the total output matrix X, where I is the identity matrix

Step 3 :First, calculate IA to get [0.60.20.30.9]

Step 4 :Next, find the inverse of IA, denoted as (IA)1, which is [1.8750.416666670.6251.25]

Step 5 :Finally, multiply (IA)1 with D to get X, which is [32.91728.75]

Step 6 :X=[32.91728.75] is the solution to the matrix equation

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