Question

QUESTION 4 Suppose in Singapore, 60% of its population lives in condominiums (denoted by C) and 40% lives in houses (denoted by h) The observed yearly transition matrix, T. is: a) C H C[0.35 0.65 H045 0.55 iInterpret the elements in the second column of matrix T ii) What are the percentages of people living in condomínims and houses after one year? ii) Determine the respective equilibrium percentages of people living in condominiums and houses b) Suppose in a 2-sector economy, Sector 1 cumently produces 500 units to meet the demand from Sector 2 of 200 units and a final demand of 300 units. Sector 2's output is 1000 units where 600 units are for the final demand and 200 units each are demanded by Sectors 1 and 2, respectively. Determine the outputs of Sectors 1 and 2 when final demand changes to 200 and 700, respectively

can you please help me with these questions, much appreciated.

Answer 1

aathi Date suppse there are loo peoples lives in singapar Ptople lives in to C35065 10.45 0:55 so the fs eeent ofgand calune shaus sh that-haw-nnary_ptope hasesin one ya niunto sine we haveso ptaple in candona MnIUM 653 people mavei MOVE 11 houser nhe stord tlement of alennshoows hot how shilted am oues to condominiun Anny people at have 40 peaple in hmse 40 X0.55 22 peaple mave in 60-31+2243 100 London, iniurM live sn Page No.

aathi Date 40-22 ±39 드 57 57Y people lives in hause iol_sa_一equilibrum-percentage-of-population is 001 in cendominiuM 2 4-0 2 n intnatien we ve Sedtor Mar se 2 dearart ecfor 200 200 So afher hnar derand changes ta 20a S400 7o0 fr sect fse2 de Rien 70 Page No.