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) \(\mathbf { x } = \left[ \begin{array} { l } 482 \\ 895 \\ 829 \end{array} \right]\)

---

Definitions:

Firm's Product

The goods or services produced by a firm, designed to meet consumer needs or desires, distinguishing the firm in its market.

Frictional Unemployment

Short-term unemployment that arises from the process of matching workers with jobs.

Workers Equally Well Suited

A situation in which workers possess the same skills and abilities, making them interchangeable in their roles without affecting productivity.

Structural Unemployment

A form of unemployment caused by a mismatch between the skills that workers in the economy can offer and the skills demanded by employers.