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

Question 154

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 1234 From 117130.6120.214.220190.155.712.632.940.21,418.11,24240.17.240.3326.4 Total Output 3,278.92,1896,541.34,065.3\begin{array} { | r | r | r | r | r | } \hline \text { To } &1 & 2 & 3 & 4 \\\hline \text { From } \mathbf { 1 } & 171 & 30.6 & 120.2 & 14.2 \\\hline \mathbf { 2 } & 0 & 190.1 & 55.7 & 12.6 \\\hline \mathbf { 3 } & 2.9 & 40.2 & 1,418.1 & 1,242 \\\hline \mathbf { 4 } & 0.1 & 7.2 & 40.3 & 326.4 \\\hline \text { Total Output } & 3,278.9 & 2,189 & 6,541.3 & 4,065.3 \\\hline\end{array} How much additional production by the Sector 1 is necessary to accommodate a $1,000 increase in the demand for the products of Sector 4 Please round your answer to two decimal places.


A) $12.78 million
B) $12.38 million
C) $12.58 million
D) $12.28 million
E) $12.08 million

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