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

question 57

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.
-Compute the matrix of the transformation that performs the shear transformation $x \rightarrow A x$ for $A = \left[ \begin{array} { l l } 1 & 0.20 \\ 0 & 1 \end{array} \right]$ and then scales all $x$ -coordinates by a factor of $0.61$ .

• A)
• \(\left[ \begin{array} { l l } 0.61 & 0.122 \\ 0 & 1 \end{array} \right]\)
• B)
• \(\left[ \begin{array} { l l } 1.61 & 0.20 \\ 0 & 2 \end{array} \right]\)
• C)
• \(\left[ \begin{array} { l l } 1 & 0.20 \\ 0 & 0.61 \end{array} \right]\)
• D)
• \(\left[ \begin{array} { l l } 0.61 & 0.20 \\ 0 & 1 \end{array} \right]\)

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Definitions:

Leisure

Free time available to an individual excluding time spent on work, personal care, and essential household activities.

Payments to Labor

Payments to Labor refer to the wages, salaries, and benefits paid to employees for their work in producing goods or services.

Total Income

The sum of all earnings or revenue generated by an individual or entity.

United States

A nation situated in North America, made up of 50 states and one federal district, renowned for its vast economy and varied demographics.