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?
.
Update:
(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
1 Answer
Relevance
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