Consider the production model x = Cx + d for an economy with two sectors, where
Use an inverse matrix to determine the production level necessary to satisfy the final demand.
C and d are both matrix, I wasn't sure how to format it on here.
I'm currently studying for a test and this question and answer were both in the book, I can't seem to figure out how they got the answer.
I saw an example of a similar problem here: http://alistairsavage.ca/mat1302/exercises/mat1302-input-output-model-exercises-solutions.pdf --but this method
For some reason, that method wasn't bringing me to the correct answer.. If you could please provide step-by-step instruction on how to do this it'd be a huge help, thanks!