Solved

Four Sectors of Some Economy Are (1) Sector 1, (2)

Question 95

Multiple Choice

Four sectors of some economy are (1) Sector 1, (2) Sector 2, (3) Sector 3, and (4) Sector 4. The input-output table involving these four sectors was as follows (all figures are in millions of dollars)  To 1234from 111,5348100868223,3074,15904,9313004036645,28110,9343,285223 Total Output 99,840116,18913,78645,799\begin{array}{|r|c|c|c|c|}\hline \text { To } & \mathbf{1} & \mathbf{2} & \mathbf{3} & \mathbf{4} \\\hline \text{from }\mathbf{ 1} & 11,534 & 8 & 100 & 868 \\\hline \mathbf{2} & 23,307 & 4,159 & 0 & 4,931 \\\hline \mathbf{3} & 0 & 0 & 403 & 66 \\\hline \mathbf{4} & 5,281 & 10,934 & 3,285 & 223 \\\hline \text { Total Output } & 99,840 & 116,189 & 13,786 & 45,799 \\\hline\end{array} Determine how these four sectors would react to an increase in demand for Sector 1 production of $1,000 million.


A) [1,407.64252.130.1447.69]\left[ \begin{array} { c } 1,407.64 \\252.13 \\0.14 \\47.69\end{array} \right]
B) [1,132.50283.910.1387.08]\left[ \begin{array} { c } 1,132.50 \\283.91 \\0.13 \\87.08\end{array} \right]
C) [1,132.53254.070.1647.69]\left[ \begin{array} { c } 1,132.53 \\254.07 \\0.16 \\47.69\end{array} \right]
D) [1,238.23299.830.10139.60]\left[ \begin{array} { c } 1,238.23 \\299.83 \\0.10 \\139.60\end{array} \right]
E) [1,270.07315.750.10100.21]\left[ \begin{array} { c } 1,270.07 \\315.75 \\0.10 \\100.21\end{array} \right]

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions