Equipment Components (From) Equipment 5,900 500 (From) Components 24,000 29,000 Total Output 90,000 140,000 Determine the production levels (in dollars) necessary in these two sectors to meet an external demand for $81,000 million of communication equipment and $90,000 million of electronic components. Round answers to two significant digits. equipment: $ ? millions components: $ ? millions
Equipment Components (From) Equipment 5,900 500 (From) Components 24,000 29,000 Total Output 90,000 140,000 Determine the production levels (in dollars) necessary in these two sectors to meet an external demand for $81,000 million of communication equipment and $90,000 million of electronic components. Round answers to two significant digits. equipment: $ ? millions components: $ ? millions
Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter9: Systems Of Equations And Inequalities
Section: Chapter Questions
Problem 72RE
Related questions
Question
Communication Equipment Two sectors of the U.S. economy are (1) audio, video, and communication equipment and (2) electronic components and accessories. Suppose in 1998, the input-output table involving these two sectors was as follows (all figures are in millions of dollars).
To | Equipment | Components | |
---|---|---|---|
(From) Equipment | 5,900 | 500 | |
(From) Components | 24,000 | 29,000 | |
Total Output | 90,000 | 140,000 |
Determine the production levels (in dollars) necessary in these two sectors to meet an external demand for $81,000 million of communication equipment and $90,000 million of electronic components. Round answers to two significant digits.
equipment: $ ? millions
components: $ ? millions
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps with 2 images
Recommended textbooks for you
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage