Full solution: In Exerdses 7 16. snppnse that tm econo111y is divided into four M!Ctor.v

Chapter , Problem 16

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In Exerdses 7 16. snppnse that tm econo111y is divided into four M!Ctor.v (agriculwre, numufat'lfll'ing . services, anti enter winmem ) witlt the follml'ill8 input o11tp111111atrix: At;. Man 'in' l:nt [" .II .15 "] Agtintlturc c = .20 . 08 .24 .07 MJnu factunng . 18 . 16 .06 .22 Sen rce' .09 .07 .12 .05 Entcrtammcnt If the gross production for thb economy is $20 million of agriculture, $30 million of manufacturing. $20 million of sel'\ices. and $ 10 million of cntcrt:rinmcnt. what is the net production of each ;ector?

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