Evaluate the Minor $M _ { 32 }$ And the Cofactor $A _ { 32 }$

question 32

Essay

Evaluate the minor $M _ { 32 }$ and the cofactor $A _ { 32 }$ using the matrix $A = \left[ \begin{array} { c c c } 7 & 0 & 9 \\1 & - 8 & - 3 \\5 & 4 & 6\end{array} \right]$ .

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Definitions:

Catch-Up Effect

The theory suggesting that less developed countries can grow at a faster rate than developed countries because they can adopt existing technologies and best practices.

Diminishing Returns

A principle stating that if one factor of production is increased while others remain constant, the overall returns will eventually decrease after a certain point.

Real GDP

Gross Domestic Product adjusted for inflation, providing a more accurate representation of an economy's size and how it's performing over time.

Foreign Direct Investment

A company or individual from one country deploying capital into business ventures or assets in another country, whether by setting up operations or purchasing business properties.