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

Question 33

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 simple economy consists of three sectors: agriculture (A) , manufacturing (M) , and transportation (T) . The input-output matrix for this economy is given by If the units are measured in millions of dollars, determine the dollar amount of manufactured products required to produce $100 million worth of all goods in the economy. A) $60 million B) $50 million C) $80 million D) $70 million If the units are measured in millions of dollars, determine the dollar amount of manufactured products required to produce $100 million worth of all goods in the economy.


A) $60 million
B) $50 million
C) $80 million
D) $70 million

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