Solution: Exercises 1-4 refer to an economy that is divided
Chapter 2, Problem 3E(choose chapter or problem)
Exercises 1-4 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 use .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 20 units for manufacturing, with no final demand for the other sectors. (Do not compute and inverse matrix.)
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