Multiple Choice
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
Correct Answer:

Verified
Correct Answer:
Verified
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