16. The input-output (million dollar) table for a two-sector economy is given as follows: Output from Sector A Output from Sector B Other inputs Total Input Input to sector AInput sector B Final Demand Total Output 6 2 3 1 ? ? ? ? 7 6 ? ? a. What is the basic assumption underlying the input- output model? b. Complete the above table (fill-entries denoted by ?). c. Write the matrix of technical coefficients. d. Calculate the total output required from each sector when the final demands are 12 and 9 respectively.

16. The input-output (million dollar) table for a two-sector economy is given as follows: Output from Sector A Output from Sector B Other inputs Total Input Input to sector AInput sector B Final Demand Total Output 6 2 3 1 ? ? ? ? 7 6 ? ? a. What is the basic assumption underlying the input- output model? b. Complete the above table (fill-entries denoted by ?). c. Write the matrix of technical coefficients. d. Calculate the total output required from each sector when the final demands are 12 and 9 respectively.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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