A. Agriculture Manufacturing Households Agriculture Manufacturing Households 0.051 0.279 0.011 0.245 0.099 9.433 0.102 0.291 0.372 units of Households are need to produce one unit of Manufacturing B. Given Demand (in billions of dollars) for the three sectors are as follows 31.2 = Manufacturing, 3.8-Agriculture 29.2-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 billion (nearest 0.1) in order to meet that increase in household external increase by $ demand
A. Agriculture Manufacturing Households Agriculture Manufacturing Households 0.051 0.279 0.011 0.245 0.099 9.433 0.102 0.291 0.372 units of Households are need to produce one unit of Manufacturing B. Given Demand (in billions of dollars) for the three sectors are as follows 31.2 = Manufacturing, 3.8-Agriculture 29.2-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 billion (nearest 0.1) in order to meet that increase in household external increase by $ demand
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
Related questions
Question
A simplified version of input output analysis of a national economy has the following input output matrix
![A.
Agriculture
Manufacturing
Households
Agriculture Manufacturing
0.245
0.099
9.433
0.102
0.291
0.372
Households
0.051
0.279
0.011
units of Households are need to produce one unit of Manufacturing
= Agriculture
= Manufacturing
= Households
B. Given Demand (in billions of dollars) for the three sectors are as follows
31.2 = Manufacturing, 3.8-Agriculture 29.2=Households
Find the amount of each commodity that should be produced (nearest 0.1 billion)
output matrix:
C. If the external demand of Households raises by $1 billion then manufacturing production needs to
billion (nearest 0.1) in order to meet that increase in household external
increase by $
demand](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F410204a0-8764-4473-a9c2-14bad68c17f5%2Ffad5546f-4664-4bf7-b7eb-f9be63d197ec%2Faax4y2q_processed.jpeg&w=3840&q=75)
Transcribed Image Text:A.
Agriculture
Manufacturing
Households
Agriculture Manufacturing
0.245
0.099
9.433
0.102
0.291
0.372
Households
0.051
0.279
0.011
units of Households are need to produce one unit of Manufacturing
= Agriculture
= Manufacturing
= Households
B. Given Demand (in billions of dollars) for the three sectors are as follows
31.2 = Manufacturing, 3.8-Agriculture 29.2=Households
Find the amount of each commodity that should be produced (nearest 0.1 billion)
output matrix:
C. If the external demand of Households raises by $1 billion then manufacturing production needs to
billion (nearest 0.1) in order to meet that increase in household external
increase by $
demand
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