Please help me with this advance linear algebra concept?
Suppose instead of being given the consumption matrix M
for an economy we are given the matrix (I − M)^-1
How can we calculate the consumption Matrix M?
(a) How can you find M?
(b) Apply this method to find M if you’re given the marginal production response matrix
1.06 0.02 0.04
0.02 1.06 0.09
0.11 0.02 1.03
- alexLv 78 months ago
Missing information !
A = (I − M)^-1
M = I - (A^-1)