Consider an economy with three sectors: Fuels and Power, Manufacturing, and Services. Fuels and Power sells 75% of its output to Manufacturing, 10% to Services, and retains the rest. Manufacturing sells 15% of its output to Fuels and Power, 70% to Services, and retains the rest. Services sells 25% to Fuels and Power, 45% to Manufacturing, and retains the rest. Find the equilibrium price for each sector. Assume the total economy is valued at $1,000,000,000 The equilibrium price of the Fuels and Power sector is The equilibrium price of the Manufacturing sector is The equilibrium price of the Services sector is

Consider an economy with three sectors: Fuels and Power, Manufacturing, and Services. Fuels and Power sells 75% of its output to Manufacturing, 10% to Services, and retains the rest. Manufacturing sells 15% of its output to Fuels and Power, 70% to Services, and retains the rest. Services sells 25% to Fuels and Power, 45% to Manufacturing, and retains the rest. Find the equilibrium price for each sector. Assume the total economy is valued at $1,000,000,000 The equilibrium price of the Fuels and Power sector is The equilibrium price of the Manufacturing sector is The equilibrium price of the Services sector is

MACROECONOMICS FOR TODAY

10th Edition

ISBN:9781337613057

Author:Tucker

Publisher:Tucker

Chapter8: The Keynesian Model

Section: Chapter Questions

Problem 19SQ

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