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A Simple Economy Consists of Three Sectors: Agriculture (A), Manufacturing

Question 52

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A simple economy consists of three sectors: agriculture (A) , manufacturing (M) , and transportation (T) . The input-output matrix for this economy is given by ​
A M T A simple economy consists of three sectors: agriculture (A) , manufacturing (M) , and transportation (T) . The input-output matrix for this economy is given by ​ A M T   If the units are measured in millions of dollars, determine the amount of agricultural products consumed in the production of $300 million worth of manufactured goods. A)  $25 million B)  $50 million C)  $55 million D)  $30 million If the units are measured in millions of dollars, determine the amount of agricultural products consumed in the production of $300 million worth of manufactured goods.


A) $25 million
B) $50 million
C) $55 million
D) $30 million

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