Performance of an Economy System Using Linear Algebraic Solution

Abstract

This study is set out to examine a linear algebra approach to economy. The Leontief input-output model was used to determine the production vector for goods and services. Data were collected from three different sectors of the economy; they are poultry farm, a gas depot and a textile store. The result shows that the production vector x is positive which in turns implies that the Leontief input-output model is a good approach to determine the profitability of an economic system.