Essay
A simple economy consists of three sectors: agriculture (A), manufacturing (M), and transportation (T).The input-output matrix for this economy is given by
Find the gross output of goods needed to satisfy a consumer demand for $100 million worth of agricultural products, $300 million worth of manufactured products, and $20 million worth of transportation. Round each number to two decimal places, if necessary.
$__________ million worth of agricultural products
$__________ million worth of manufactured goods
$__________ million worth of transportation
Correct Answer:
Verified
Correct Answer:
Verified
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