Assume an economy with 3 industries. To produce $1 of the output of industry I requires $0.4 worth of industry II, $0.3 worth of industry III and $0.1 of its own product. To produce $1 of the output of industry II requires $0.3 worth of industry I, $0.3 worth of industry III and $0.2 worth of its own product. To produce $1 of the output of industry III requires $0.5 worth of industry II, $0.2 worth of industry I and $0.2 worth of its own product. The annual final demands for outputs of the sectors are $100, $150 and $200 billion, respectively. Determine the output of industry I and the amount of primary input necessary to produce the output of industry I.

Assume an economy with 3 industries. To produce $1 of the output of industry I requires $0.4 worth of industry II, $0.3 worth of industry III and $0.1 of its own product. To produce $1 of the output of industry II requires $0.3 worth of industry I, $0.3 worth of industry III and $0.2 worth of its own product. To produce $1 of the output of industry III requires $0.5 worth of industry II, $0.2 worth of industry I and $0.2 worth of its own product. The annual final demands for outputs of the sectors are $100, $150 and $200 billion, respectively. Determine the output of industry I and the amount of primary input necessary to produce the output of industry I.

Name: Assume an economy with 3 industries. To produce $1 of the output of i
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Description: Assume an economy with 3 industries. To produce $1 of the output of industry Irequires $0.4 worth of industry II, $0.3 worth of industry III and $0.1 of its ownproduct. To produce $1 of the output of industry II requires $0.3 worth ofindustry I, $0.

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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Question

Assume an economy with 3 industries. To produce $1 of the output of industry I
requires $0.4 worth of industry II, $0.3 worth of industry III and $0.1 of its own
product. To produce $1 of the output of industry II requires $0.3 worth of
industry I, $0.3 worth of industry III and $0.2 worth of its own product. To
produce $1 of the output of industry III requires $0.5 worth of industry II, $0.2
worth of industry I and $0.2 worth of its own product. The annual final demands
for outputs of the sectors are $100, $150 and $200 billion, respectively.
Determine the output of industry I and the amount of primary input necessary to
produce the output of industry I.

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