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