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An input-output analysis of a national economy has the following input-output tableau. Agriculture Manufacturing Households Agriculture Manufacturing 0.245 0.102 0.051 0.099 0.291 0.279 Households 0.433 0.372 0.011 A. 0.433 o units of Agriculture are used to produce one unit of Households. B. Demand for the three sectors is Manufacturing: $30.1 billion Agriculture: $3.5 billion Households: $30.7 billion Find the amount of each commodity that should be produced. Agriculture: S billion Manufacturing: $ billion Households: $ billion

An input-output analysis of a national economy has the following input-output tableau. Agriculture Manufacturing Households Agriculture Manufacturing 0.245 0.102 0.051 0.099 0.291 0.279 Households 0.433 0.372 0.011 A. 0.433 o units of Agriculture are used to produce one unit of Households. B. Demand for the three sectors is Manufacturing: $30.1 billion Agriculture: $3.5 billion Households: $30.7 billion Find the amount of each commodity that should be produced. Agriculture: S billion Manufacturing: $ billion Households: $ billion

Linear Algebra: A Modern Introduction
Linear Algebra: A Modern Introduction
4th Edition
ISBN:9781285463247
Author:David Poole
Publisher:David Poole
Chapter3: Matrices
Section3.7: Applications
Problem 31EQ
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An input-output analysis of a national economy has the following input-output tableau. Agriculture Manufacturing Households Agriculture Manufacturing 0.245 0.102 0.051 0.099 0.291 0.279 Households 0.433 0.372 0.011 A. 0.433 o units of Agriculture are used to produce one unit of Households. B. Demand for the three sectors is Manufacturing: $30.1 billion Agriculture: $3.5 billion Households: $30.7 billion Find the amount of each commodity that should be produced. Agriculture: S billion Manufacturing: $ billion Households: $ billion
Transcribed Image Text:An input-output analysis of a national economy has the following input-output tableau. Agriculture Manufacturing Households Agriculture Manufacturing 0.245 0.102 0.051 0.099 0.291 0.279 Households 0.433 0.372 0.011 A. 0.433 o units of Agriculture are used to produce one unit of Households. B. Demand for the three sectors is Manufacturing: $30.1 billion Agriculture: $3.5 billion Households: $30.7 billion Find the amount of each commodity that should be produced. Agriculture: S billion Manufacturing: $ billion Households: $ billion
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