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 6,200 600 Components 23,000 32,000 Total Output 90,000 140,000 Determine the production levels (in dollars) necessary in these two sectors to meet an external demand for $78,000 million of communication equipment and $92,000 million of electronic components. Round answers to two significant digits.
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 6,200 600 Components 23,000 32,000 Total Output 90,000 140,000 Determine the production levels (in dollars) necessary in these two sectors to meet an external demand for $78,000 million of communication equipment and $92,000 million of electronic components. Round answers to two significant digits.
Linear Algebra: A Modern Introduction
4th Edition
ISBN:9781285463247
Author:David Poole
Publisher:David Poole
Chapter2: Systems Of Linear Equations
Section2.4: Applications
Problem 28EQ
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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 | 6,200 | 600 | |
| Components | 23,000 | 32,000 | |
| Total Output | 90,000 | 140,000 |
Determine the production levels (in dollars) necessary in these two sectors to meet an external demand for $78,000 million of communication equipment and $92,000 million of electronic components. Round answers to two significant digits.
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