Solve the Problem. -An Economy Is Based on Two Sectors, Agriculture and Manufacturing

Essay

Solve the problem.
-An economy is based on two sectors, agriculture and manufacturing. Production of a dollar's worth of
agriculture requires an input of $0.40 from agriculture and $0.10 from manufacturing. Production of a dollar's
worth of manufacturing requires an input of $0.20 from agriculture and $0.30 from manufacturing. Find the
output for each sector that is needed to satisfy a final demand of $16 billion for agriculture and $32 billion for
manufacturing.