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A simplified version of input-output analysis of a national economy has the following input-output matrix: Agriculture Manufacturing Households 0.051 0.102 Agriculture Manufacturing 0.245 0.099 0.291 0.279 Households 0.433 0.372 0.011 units of Agriculture are need to produce one unit of Households A. B. Given Demand (in billions of dollars) for the three sectors are as follows 2.2-Agriculture 33.4 Manufacturing, 30.5-Households Find the amount of each commodity that should be produced (nearest 0.1 billion) Agriculture Manufacturing Households C. If the external demand of Households raises by $1 billion then manufacturing production needs to increase billion (nearest 0.01) in order to meet that increase in household external demand by $

A simplified version of input-output analysis of a national economy has the following input-output matrix: Agriculture Manufacturing Households 0.051 0.102 Agriculture Manufacturing 0.245 0.099 0.291 0.279 Households 0.433 0.372 0.011 units of Agriculture are need to produce one unit of Households A. B. Given Demand (in billions of dollars) for the three sectors are as follows 2.2-Agriculture 33.4 Manufacturing, 30.5-Households Find the amount of each commodity that should be produced (nearest 0.1 billion) Agriculture Manufacturing Households C. If the external demand of Households raises by $1 billion then manufacturing production needs to increase billion (nearest 0.01) in order to meet that increase in household external demand by $

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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A simplified version of input-output analysis of a national economy has the following input-output matrix: Agriculture Manufacturing Households 0.051 0.102 Agriculture Manufacturing 0.245 0.099 0.291 0.279 Households 0.433 0.372 0.011 A. units of Agriculture are need to produce one unit of Households B. Given Demand (in billions of dollars) for the three sectors are as follows 2.2=Agriculture 33.4 Manufacturing, 30.5=Households Find the amount of each commodity that should be produced (nearest 0.1 billion) Agriculture Manufacturing Households C. If the external demand of Households raises by $1 billion then manufacturing production needs to increase billion (nearest 0.01) in order to meet that increase in household external demand by $
Transcribed Image Text:A simplified version of input-output analysis of a national economy has the following input-output matrix: Agriculture Manufacturing Households 0.051 0.102 Agriculture Manufacturing 0.245 0.099 0.291 0.279 Households 0.433 0.372 0.011 A. units of Agriculture are need to produce one unit of Households B. Given Demand (in billions of dollars) for the three sectors are as follows 2.2=Agriculture 33.4 Manufacturing, 30.5=Households Find the amount of each commodity that should be produced (nearest 0.1 billion) Agriculture Manufacturing Households C. If the external demand of Households raises by $1 billion then manufacturing production needs to increase billion (nearest 0.01) in order to meet that increase in household external demand by $
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