A certain economy consisting of the two sectors of goods and services supports a defense
Chapter 3, Problem 14(choose chapter or problem)
A certain economy consisting of the two sectors of goods and services supports a defense system that consumes $90 billion worth of goods and $20 billion worth of services from the economy but does not contribute to economic production. Suppose that 50 cents worth of goods and 20 cents worth of services are required to produce $1 worth of goods and that 30 cents worth of goods and 60 cents worth of services are required to produce $1 worth of services. What must the total output of the economic system be to support this defense system?
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