Exercises refer to an economy that is divided into three

Chapter 2, Problem 3E

(choose chapter or problem)

Get Unlimited Answers
QUESTION:

Exercises refer to an economy that is divided into three sectors-manufacturing, agriculture, and services. For each unit of output, manufacturing requires .10 unit from other companies in that sector, .30 unit from agriculture, and .30 unit from services. For each unit of output, agriculture uses .20 unit of its own output, .60 unit from manufacturing, and .10 unit from services. For each unit of output, the services sector consumes. 10 unit from services, .60 unit from manufacturing, but no agricultural products. Determine the production levels needed to satisfy a final demand of 18 units for manufacturing, with no final demand for the other sectors. (Do not compute an inverse matrix.)

Questions & Answers

QUESTION:

Exercises refer to an economy that is divided into three sectors-manufacturing, agriculture, and services. For each unit of output, manufacturing requires .10 unit from other companies in that sector, .30 unit from agriculture, and .30 unit from services. For each unit of output, agriculture uses .20 unit of its own output, .60 unit from manufacturing, and .10 unit from services. For each unit of output, the services sector consumes. 10 unit from services, .60 unit from manufacturing, but no agricultural products. Determine the production levels needed to satisfy a final demand of 18 units for manufacturing, with no final demand for the other sectors. (Do not compute an inverse matrix.)

ANSWER:

Solu

Add to cart


Study Tools You Might Need

Not The Solution You Need? Search for Your Answer Here:

×

Login

Login or Sign up for access to all of our study tools and educational content!

Forgot password?
Register Now

×

Register

Sign up for access to all content on our site!

Or login if you already have an account

×

Reset password

If you have an active account we’ll send you an e-mail for password recovery

Or login if you have your password back