Given the Technology Matrix A, and an External Demand Vector $A = \left[ \begin{array} { c c c } 0.25 & 0.25 & 0.25 \\0.25 & 0.6 & 0.25 \\0.25 & 0.25 & 0.25\end{array} \right]$

question 46

Essay

Given the technology matrix A, and an external demand vector D, find the production vector X.
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​ $A = \left[ \begin{array} { c c c } 0.25 & 0.25 & 0.25 \\0.25 & 0.6 & 0.25 \\0.25 & 0.25 & 0.25\end{array} \right]$ , $D = \left[ \begin{array} { c } 8,000 \\16,000 \\8,000\end{array} \right]$

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Definitions:

Title Transfer

The legal process of transferring ownership of a property or asset from one party to another.

Transaction

An exchange or transfer of goods, services, or funds between parties.

Unsecured Creditor

A creditor who has extended credit without obtaining any collateral, making them more vulnerable in the event of debtor default.

Secured Creditor

A creditor that may look to particular assets of the debtor to ensure payment of the debt.