A Simple Economy Consists of Two Industries: Agriculture and Manufacturing

Short Answer

A simple economy consists of two industries: agriculture and manufacturing. The production of 1 unit of agricultural products requires the consumption of 0.3 unit of agricultural products and 0.1 unit of manufactured goods. The production of 1 unit of manufactured products requires the consumption of 0.2 unit of agricultural products and 0.3 unit of manufactured goods. Round the answers to the nearest tenth.
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Find the gross output of goods needed to satisfy a consumer demand for $120 million worth of agricultural products and $190 million worth of manufactured products.
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$ __________ million
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Find the value of the goods consumed in the internal process of production in order to meet the gross output.
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$ __________ million