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ECO606 Assignment No 2 Solution Autumn 2021-VU-Mathematical Economics

2024-07-11 2 Dailymotion

ECO606 Assignment No 2 Solution Autumn 2021-VU-Mathematical Economics<br /><br />Question No. 1<br />10p1 - p2 -p3 = 35<br />-p1 + 2p2 -4p3 = 30<br />-p1-p2+3p3= 25<br /><br />Given the above set of equations, extract the coefficient matrix and find out <br />its determinant.<br /><br />Question No. 2<br />Assume three sectors in an economy; agriculture (x), industry (y), and services (z). (I-A) shows Leontief matrix and D shows consumer demand. <br />Find out the output level for agriculture, industry, and service sector by using the above information.<br />

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