Two Sectors of Some Economy Are Sector 1 and Sector $$( I - A ) ^ { - 1 }$$

question 167

Short Answer

Two sectors of some economy are Sector 1 and Sector 2. The input-output table involving these two sectors results in the following value for $$( I - A ) ^ { - 1 }$$ $$( I - A ) ^ { - 1 } = \left[ \begin{array} { c c } 1.0519 & 0.07824 \\0.00379 & 1.09831\end{array} \right]$$
How many additional dollars worth of production of Sector 2 must be produced to meet a $1 increase in the demand for products of Sector 2 Round your answer to four decimal places.

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