Determine the Production Vector X That Will Satisfy Demand in an Economy

question 79

Multiple Choice

Determine the production vector x that will satisfy demand in an economy with the given consumption matrix C and
final demand vector d. Round production levels to the nearest whole number.
- $$\mathrm { C } = \left[ \begin{array} { l l l } .2 & .1 & .1 \\.3 & .2 & .3 \\.4 & .1 & .3\end{array} \right] , \mathrm { d } = \left[ \begin{array} { l } 213 \\323 \\298\end{array} \right]$$

• A) \(\mathbf { x } = \left[ \begin{array} { r } 728 \\ 978 \\ - 302 \end{array} \right]\)
• B) \(\mathbf { x } = \left[ \begin{array} { r } 108 \\ 105 \\ 91 \end{array} \right]\)
• C) \(\mathbf { x } = \left[ \begin{array} { l } 105 \\ 218 \\ 207 \end{array} \right]\)
• D) \(\mathbf { x } = \left[ \begin{array} { l } 482 \\ 895 \\ 829 \end{array} \right]\)

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Definitions:

Ecological Fallacy

Drawing conclusions about individual attributes from data gathered from an entire group.

Exception Fallacy

A logical error where an exception is treated as the general rule, often overlooking statistical norms.

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A term describing Canadians of Asian descent, representing diverse cultures, languages, and histories within Canada.